SBI Holdings is investing in Swiss digital currency bank Sygnum, in a deal that could see capital of eight figures invested in the fast growing company.
Known as the Blockchain Act, it sets a firm legal basis for digital asset exchange and tokenization while tackling the threat of digital currency money laundering.
Zurich is the heartland of the European banking world and will be the latest venue for the seventh CoinGeek Conference next April.
While the trial demonstrated the feasibility of a wholesale CBDC, the bank claimed that distributed ledger technology has not yet proven its ability to handle the European country’s payments system.
In this latest episode of BSV Stories, CoinGeek’s Natalie Mason explores Switzerland’s Crypto Valley, the home of many digital currency and blockchain focused businesses.
The Swiss Federal Council has made clear that the objective is to create the best possible framework so that Switzerland can continue to grow as a sustainable blockchain and fintech destination.
Bitcoin Association Europe & Operations Manager Patrick Prinz gave the audience a glimpse of the organization’s headquarters in Zug, Switzerland.
Lawmakers in Switzerland have introduced a new system of laws for regulating digital currency and blockchain in the country.
Payments made in digital currency will have a CHF100,00 ceiling, and both companies and private individuals are allowed to pay with digital currency.
Blockchain and digital currencies are “fully compatible” with existing legal frameworks, according to the Swiss Department of Finance.