PEZA's OIC Deputy Director Tereso Panga noted that the Swiss companies had contributed over 8,000 jobs to the local economy while injecting nearly $350 million into the nation's GDP.
Following rigorous planning and preparation, investment bank Nomura has entered the digital asset industry under a newly formed arm, focusing on trading, venture capital, and investment products.
The hallmark of the proposals from the Basel Committee on Banking Supervision (BCBS) for the regulation and prudential treatment of ‘crypto’ assets is a two-group taxonomy.
With the ‘crypto’ asset economy, Basel is attempting to stamp out any prospect of something similar occurring before it even gets off the ground.
The Basel Committee on Banking Supervision has released its second public consultation document detailing the proposed guidelines for the prudential treatment of ‘crypto’ asset exposure for banks.
White Rock says that the new facility will rely on by-product natural gas from active oil wells located onsite, recycling 82m cubic feet of gas per megawatt.
The chair of the bank said that it could very easily purchase BTC but has decided against it as it doesn’t meet the requirements of currency reserves.
The Swiss bank partnered with the BIS, SIX stock exchange and five commercial banks, including UBS, Citi, and Credit Suisse, to test the wholesale CBDC.
The French and Swiss central banks tested the use of a wholesale CBDC in cross-border funds transfers, with Credit Suisse, Accenture, and others participating.
The fully regulated bank plans to provide a platform for institutions and non-native collective investment schemes to store digital currency and digital assets.
Legal fintech and blockchain expert Tina Balzli joined CoinGeek Backstage to talk about the intersection of blockchain, digital currencies and regulations.
On this episode of CoinGeek Backstage, Simit Naik talks about Switzerland’s emerging reputation as a center for blockchain, and the exciting projects under development at nChain.
