Banking Struggle Drives Bitcoin ATM Manufacturer Lamassu to Switzerland

post-img

Read More

While governments and banks in some countries are trying to hamper the development of cryptocurrency-related businesses, other locations are cashing in on the investments and new jobs that the industry brings. The latest example of this is the establishment of bitcoin ATM manufacturer Lamassu in Switzerland. Also Read: European Exchange to Offer Investing in Stocks…

New Legal Framework in Switzerland Gives Boost to Blockchain

post-img

Read More

The Swiss State Secretariat for International Finance (SIF) announced the Federal Council’s adoption of a recent report—Legal Framework for Distributed Ledger Technology and Blockchain in Switzerland—and expressed their intent to assist in developing laws for new technologies, specifically distributed ledger technology and blockchain innovation. Switzerland: Blockchain Safe Haven? In a Dec. 14th press release, the Swiss…

Grid Singularity: Ethereum’s Clean, Green, Energy Blockchain [INTERVIEW]

Grid Singularity: Ethereum’s Clean, Green, Energy Blockchain [INTERVIEW]

Read More

Years before the launch of Ethereum, a faction of its principal founders banded together with seasoned policy professionals, energy sector executives, and PhD-holders to explore meaningful usage cases for blockchain. Energy, they concluded, was a sector crying out for the nascent technology. Dr. Ana Trbovich, Co-Founder and COO of this long-lasting alliance, Grid Singularity, explained…

Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

post-img

Read More

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of…

New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

post-img

Read More

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market. Also read: Payments Platform Wirex Launches…

Swiss Startup Raises $103 Million to Build Cryptocurrency-Focused Bank

Swiss Startup Raises $103 Million to Build Cryptocurrency-Focused Bank

Read More

A Swiss cryptocurrency startup has raised over $103 million from private investors to build a crypto bank, reported Reuters on Sept. 27. Providing Banking to Crypto The parent company, SEBA Crypto AG, aims to provide financial services to cryptocurrency businesses across the globe, circumventing the problematic legislation and internal policies that most crypto-firms face while…

Swiss Banks Are Onboarding Crypto Clients and Assets

Swiss Banks Are Onboarding Crypto Clients and Assets

Read More

Another Swiss private bank has announced in a statement that it’s open to on-board cryptocurrencies. Maerki Baumann private bank in Zurich is open to accepting assets that were generated with cryptocurrencies, “under the condition that strict regulatory and legal requirements are fully complied with,” Managing Director Stephan Zwahlen told news.Bitcoin.com. Also read: Many Swiss Bankers and Financial…

Crypto Valley Declares Blockchain Voting Trial a 'Success'

Crypto Valley Declares Blockchain Voting Trial a 'Success'

Read More

Zug, home of the “Crypto Valley” in Switzerland, has successfully completed its first test of a blockchain-based voting system.