SIX Securities Brings Blockchain Roadmap to Switzerland
Post-trade infrastructure operator SIX Securities Services has announced a partnership with blockchain provider Digital Asset Holdings. The two firms plan to develop a blockchain-based proof-of-concept, demonstrating its commercial viability. SIX Securities and Digital Asset Bring Blockchain to the Swiss Financial Landscape. SIX Securities is one of....
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A major financial infrastructure provider in Switzerland has partnered with blockchain startup Digital Asset Holdings to build a proof-of-concept focused on securities market infrastructure. SIX Securities Services and Digital Asset will create a “roadmap” for how the technology can be applied across the entire securities life-cycle. Distributed ledger technology is “key” to the future of SIX Securities’ post-trading business, according to Division CEO Thomas Zeeb: Zeeb said in a statement: "We need to understand it, and more importantly, its applicability and future flexibility in....
Bitcoin users do not have to pay value added tax (VAT) on bitcoin in Switzerland. The Swiss Tax Administration (ESTV) has announced there will be no VAT on bitcoin transactions, according to Bitcoin Association Switzerland. The news brings hope not only to bitcoin users in Switzerland, but worldwide. Switzerland has a global reputation for financial security. Bitcoin supporters want governments to view bitcoin as a method of payment, not as a delivery of goods or a service subject to a VAT. Bitcoin supporters have noted that it will be difficult for bitcoin to become an accepted currency....
The Internet Development Institute (IRI) of Russia has prepared a roadmap titled “Economics and Finance” which includes a proposal for regulating blockchain. A new roadmap that pitches the proposal to ‘legalize’ blockchain technology by January 2017 was submitted to President Putin this week, December 22, 2015. The roadmap is a supplement under the wider proposal called “Internet Program 2025”, an initiative that puts together proposals for the development of internet and communication as a whole in Russia. The proposal has one if its strongest advocates in Andrei Romanenko, the co-founder....
There is a misconception in the bitcoin community that the roadmap for how bitcoin should scale is based almost entirely on the technical judgment of the Bitcoin Core developers. While the Bitcoin Core roadmap does draw heavily on the substantial technical expertise of the Core developers, there are many non-technical factors that influence the Core roadmap. Many people agree with Core on all of the technical issues, yet still disagree with their roadmap. That's because the roadmap is based on assumptions about economics, group psychology, ethics and many other things which we have no....
In effect from today, Switzerland's new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.