Switzerland news

The Swiss Federal Council will take a more relaxed approach to blockchain and crypto startups so that the country can growth with the industry and be the preferred destination for fintech and innovative startups.

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Switzerland Central Bank and SIX Digital Exchange Eye Digital Currencies for Trade Settlements

Swiss National Bank (SNB), Switzerland’s central bank, together with Bank for International Settlements (BIS) are jointly exploring on how a central bank digital currency (CBDC) can be used to trade tokenized assets, the Block reports. Bank for International Settlements (BIS) acts as the central bank for other central banks in the world. In a press statement, […]
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Crypto Weekly – Binance Futures Records Gains, Libra Members Companies to Meet in Switzerland

Key Highlights Binance Futures’ Volume Exceeds Binance Spot Trading Japanese Exchange Launches Bitcoin Reward System For Gas Bill Payments John McAfee All Set To Release His Own Decentralized Exchange Libra Reveals First Roadmap; Member Companies Set to Meet in Switzerland in October BitLicense May be Enforced in 5 More US States; Receives Pushback From a Lobbying Group Binance Futures Volume Shows Tremendous Gains  Binance’s Bitcoin Futures platform is seen to have made incredible gains within the first few days of its launching. In fact, the platform has outperformed the Binance.com spot market in terms of BTC trading volume within the last 24 hours. The 24-hour trading volume of Binance’s futures markets was seen to have crossed 30,500 BTC. Denominated in USDT, the equivalent of this would come to over $250 MM. Further, the figures were also said to have exceeded those of Binance spot trading which recorded a relatively lower 24-hour trading volume of 219,868,241 million denominated in USDT. Coincheck Launches Bitcoin Reward System for Gas Bill Payments  In a bid to encourage the mass adoption of bitcoin and bring the cryptocurrency to mainstream users, Japanese crypto exchange, Coincheck has launched a bitcoin reward system that will enable consumers in Tokyo to earn bitcoin incentives by paying gas bills using the cryptocurrency at a discount. This arrangement comes as a partnership between Coincheck and E-net systems in which the two companies have agreed to offer Coincheck Gas, a gas service consisting of two kinds of payments systems – firstly, customers can receive a discount on gas payments paid in bitcoins and secondly, customers can simply receive bitcoin as a reward for using their gas service. Libra Member Companies to Meet in Switzerland in October Since Libra’s official announcement in June, the community of developers has been working earnestly and have released several blockchain explorers. These include libranaut, libraview, librabrowser, and libexplorer. In a recent update, Libra has published its roadmap. The roadmap consists of four milestones before the mainnet launch.  Member companies of the Libra Association are set to meet later this month in Switzerland. Also, representatives from the companies will appoint a board of directors for the Libra Association at the meeting. John McAfee Announces Launch of His Decentralized Exchange  John McAfee, in a recent tweet, announced that he is all set to unveil his own decentralized exchange coming Monday. Per the tweet, the exchange would be completely decentralized. This implies users need not submit any document, e-mail, bank info or transaction details. Also, nothing on the platform will be monitored, there will be no restrictions and no listing fees whatsoever. The tweet further mentions that there will be 0.25 % transaction fees. The exchange will run on Ethereum blockchain and will allow the free addition of any ETH based token. Moreover, the platform will have “0” maker fees. The platform is slated for Beta release on the 7th of October.  BitLicense Spreads Wings to 5 Other US States  BitLicense may soon become a regulatory requirement for crypto businesses in 5 more US states. The Aquarian Advocacy Group (TAAG) which was officially launched the previous week is all set to defeat BitLicense legislation before it spreads its wings and tries to “crush innovation.” Presently, only New York and Washington have BitLicense as a regulatory requirement. However, as per the Aquarian Advocacy Group, California, Hawaii, Nevada, Rhode Island, and Oklahoma could soon be adopting this regime. This, in turn, could adversely affect the crypto businesses in these states.   The post Crypto Weekly – Binance Futures Records Gains, Libra Members Companies to Meet in Switzerland appeared first on Coingape.
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Libra Reveals First Roadmap; Member Companies Set to Meet in Switzerland in October

Since Libra’s official announcement in June, the community of developers has been working earnestly and have released several blockchain explorers. These include libranaut, libraview, librabrowser, and libexplorer. In a recent update, Libra has published its roadmap. The roadmap consists of four milestones before the mainnet launch.  Libra Team Improvising on Libra Core The launch of the testnet has allowed the team to improvise on Libra Core, thus, making it easier to troubleshoot, diagnose, and resolve software edge cases. The testnet highlights Libra’s network functionality and also provides early access to developers. The mainnet’s end goal is that all partners have nodes deployed on the network. Furthermore, the developers have added a Kanban board which will help in tracking progress. Also, a tool called Homu has been adopted. It is an open-sourced bot that works with our continuous-integration/continuous-deployment(CI/CD) systems to ensure tests always pass. This also helps add an additional layer of security to the project by enforcing branch protection. The Libra team is also working to support easy interoperability between wallets. Also, the Libra blockchain will be consisting of a single node that can be configured differently. This, in turn, will allow the node to act as a validator or a non-validating node that stores full history.  Libra Association to Meet In Switzerland  Per a recent report by CNBC, Member companies of the Libra Association are set to meet later this month in Switzerland. Also, representatives from the companies will appoint a board of directors for the Libra Association at the meeting. David Marcus, Co-creator of Libra said in a tweet,   “For Libra to succeed it needs committed members, and while I have no knowledge of specific organizations plans to not step up, commitment to the mission is more important than anything else.” Will Visa and MasterCard Back Out of Libra? A recent report by Wall Street Journal mentioned that Visa and Mastercard have declined to publicly support the project. Moreover, including them, PayPal and Stripe Inc. are also reconsidering their membership according to another report by Bloomberg. Their sources remained anonymous, but given the ‘regulatory scrutiny’ that Libra has faced since its announcement, it is not surprising as well. Libra Head, David Marcus, formally with PayPal replied to the WSJ’s report saying, “tone of some of this reporting suggests angst.” What will be Libra’s ultimate fate? Will it see daylight? Let us know, what you think?  The post Libra Reveals First Roadmap; Member Companies Set to Meet in Switzerland in October appeared first on Coingape.
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Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services

According to a report published by swissinfo.ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology firm Taurus, toRead MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Startups in Switzerland and Liechtenstein, natural integration of crypto into Switzerland's banking system, Jamaica's JSE and securities, more crypto exchanges news: South Korea and Cayman Islands as newsmakers, Malta's MFSA scam 'scanner', fund for blockchain integration in Uzbekistan, Kik against SEC trial

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DIGEST

Vlad Nistor is arrested, Switzerland to relax laws, Iran affirms blockchain can help, France rejects tax changes, Russia allows to invest in ICOs, Italy suspends two crypto companies, Hong Kong considers stricter laws, Abkhazia requests mining regulations, Japan publishes a new crypto regulation draft, Russian lawyers to help the crypto industry, France blacklists four crypto websites, Bahrain issues a crypto regulation draft, Russian will not amend its crypto bill

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DIGEST

Binance invests in Certik and TravelByBit, Ulysses Capital finances NULS, Swiss startup receives funding, FINMA gives license to Crypto Fund AG, Seoul Mayor plans to invest $108M in blockchain, $400M from Yale University, SKALE acquires $9.65M, Medici Ventures invests in VinX, TD Ameritrade has plans for ErisX

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Banks are Feeling Threatened of Bitcoin and for Good Reason, Tim Draper

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Bitfinex and Tether Lawsuit Analysis: The Severity of Roche Freedman’s Case

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Ripple Consolidates its xRapid, xCurrent and xVia Features Under One Network; RippleNet

Ripple recently announced the consolidation of its services within RippleNet offering. The blockchain-oriented firm known for its convenient transfer features in the blockchain ecosystem made these changes to enhance service delivery to clients. The New Ripple Network Outlook A spokesman from Ripple noted that besides the change of name, the firm had sought to make […]
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