Swiss Bank UBS Latest to See Key Blockchain Lead Depart
UBS has become the latest major bank to see a significant departure from its blockchain innovation team. Innovation lab lead and 'crypto 2.0' researcher Alex Batlin will depart the firm in October, Financial News reports. The article cites an internal memo from the bank's head of innovation dated August 17. During his tenure at the bank, Batlin served as a mentor to FinTech startups at Level39, an R&D lab set up by UBS that served as a key vehicle for it to explore distributed ledgers and cryptocurrencies. Batlin also headed the firm's analysis of the impact of these technologies on....
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Despite its volatility, Bitcoin has been the best performing currency in the world for 5 of the past 6 years. The rapidly increasing value of the digital currency and its decentralized nature have led it to be considered as the global safe asset for investors and traders. For decades, Swiss bank accounts were the ideal global asset for most entrepreneurs and investors, due to its anonymity and privacy. Prior to the formation of a contract between the EU and Switzerland, anyone could open Swiss bank accounts, store funds and be free of all tax obligations. The end of the Swiss banks era.....
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