Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.
Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report
Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though.
FTX Free to Explore Sale of Europe Arm, Swiss Court Decides
The firm said FTX Europe AG, the holding company of its European business, filed a petition for a Swiss moratorium proceeding, which was granted on Tuesday.
Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles.
Swiss Government-Owned Bank PostFinance to Offer Customers Crypto
PostFinance will begin offering its 2.5 million customers access to buy, store and sell Bitcoin (BTC) and Ethereum tokens (ETH), thanks to a partnership with Switzerland’s Sygnum Bank.
UBS’s acquisition of Credit Suisse brings some good and bad for crypto
Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008.
UBS Group doubles offer and acquires Credit Suisse for $2B
Swiss authorities agreed to change the country’s regulations to bypass a shareholder vote and announce the deal over the weekend.
Credit Suisse rescue plan may include nationalization, bondholder losses
A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG.
Swiss Bankers Association proposes deposit tokens to develop digital economy
The deposit token is a concept that came out of Singapore’s Project Guardian last year; it has already been touted by JPMorgan.
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
Digital Asset Infrastructure Provider Taurus Raises $65M From Credit Suisse, Deutsche Bank
The Swiss firm plans to use the funds to make new hires and expand into across Europe and the UAE.
Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023
Bitcoin Suisse CEO emphasizes importance of “Swiss quality” and “safe custody for crypto industry.”
Ripple CEO: XRP lawsuit resolved by June, SEC conduct ’embarrassing’
Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”
The Netherlands tops new survey as the most metaverse-ready country
A new study by Uswitch revealed which countries are ready to embrace the metaverse by more technical standards, such as fixed broadband speeds and prices.
Switzerland’s financial regulator extends reporting requirements for crypto transactions
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.
Bitcoin, not blockchain: Synonym launches mobile BTC wallet
The new mobile wallet, called Bitkit, was unveiled at the PlanB Forum conference in Lugano, Switzerland on Oct. 29.
Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
As part of the agreement, El Salvador will establish a physical government presence in an effort to “foster cooperation with educational and research institutions.”
Swiss Seba Bank launches NFT custody despite market decline
Seba Bank’s retail and institutional clients can now store tokens of Ethereum-based NFT collections like Bored Apes and CryptoPunks in the bank’s new custodial service.
McDonald’s starts to accept Bitcoin and Tether in Swiss town
The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano.
Crypto investment product firm 21.co raises $25M to reach $2B valuation
Founded during the major market slump of 2018, 21Shares holds its vision that solid crypto products only grow stronger during crypto winters.