Tag: Switzerland

The United State crypto ecosystem is facing a “void” of well-established and credible institutions, according to an analyst from ARK Invest. The United States risks losing its position as a leader in the cryptocurrency race against countries including the United Arab Emirates, Korea, Australia and Switzerland, warns ARK Invest analyst Yassine Elmandjra. ▪️Regulatory Uncertainty Around…

While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around. As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…

Aiming to become Europe’s Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish Bitcoin, Tether, and Lugano’s own LVGA Points token as essentially legal tender in the city. Lugano will also ‘roll the red carpet’ for Bitcoin and blockchain businesses and enthusiasts to relocate to the city. The Swiss city…

The Swiss financial regulator announced its approval for Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology. According to a Friday announcement, the long-awaited approval came from the Swiss Financial Market Supervisory Authority (FINMA), greenlighting the advance of the firm’s digital bourse, titled SDX. SIX said…