Report: Official Says Switzerland May ‘Target’ Crypto Assets Belonging to San...
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however, warns that crypto-assets that are not stored with cryptocurrency exchanges are impossible to target. Protecting the Integrity of the Swiss Crypto Industry An official from the traditionally neutral Switzerland has said the country may “target” all crypto asset service points....
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Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday. Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and […]
While Canada and California are tackling Bitcoin legislation head on, the Swiss Federal Council has announced its move to the contrary: no law on digital currencies. The Council’s report published today contains an in-depth review of the status of virtual currencies including Bitcoin, both within Switzerland and internationally. Rather than following suit after Canada’s announcement last week of the world’s first national Bitcoin law, however, it was recommended to hold off on passing any form of official ruling. An official press release states: “Given that virtual currencies are a....
Clients of BBVA Switzerland will be able to buy, store, and trade crypto assets with a digital account that comes with a cryptocurrency wallet. The new banking product will be available across the European Union as well as in a number of markets in South America. BBVA Switzerland Account Facilitates Cryptocurrency Investments The Swiss subsidiary of Spain’s banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has announced the launch of a “100% digital investment account.” With the offering, the bank is trying to meet the needs of a new type of tech-savvy clients who....
The Switzerland-based branch of a major Russian bank has also joined OpenVASP. Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators.According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco.Gazprombank Switzerland CEO Roman Abdulin said that the new service intends to make crypto transactions “as easy as transactions with....
PRESS RELEASE. October 27th, Lugano Switzerland — The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies. On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on an initiative called Plan ₿, meant to make Lugano one of Europe’s and the world’s main....