PYMNTS-MonitorEdge-May-2024

Switzerland

Switzerland is a mountainous Central European country, home to numerous lakes, villages and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge.

Source: en.wikipedia.org

FINMA Head: Libra Safer Than Unregulated Crypto
FINMA Head: Libra Safer Than Unregulated Crypto
October 01, 2019  |  Cryptocurrency

Cryptocurrency pursuits conducted without supervision are more concerning to Switzerland than Facebook’s Libra coin, Reuters reported on Tuesday (Oct. 1). “I am much more nervous...

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Libra’s Regulatory Wish List For — And From — The Swiss
Libra’s Regulatory Wish List For — And From — The Swiss
September 11, 2019  |  Cryptocurrency

In Libra-land, the speed bumps, hurdles and possibly even roadblocks continue to spring up. In reference to the regulatory climate, don’t expect it to ease...

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Libra To Face Strict Standards To Prevent Money Laundering, Terrorism Financing
Libra To Face Strict Standards To Prevent Money Laundering, Terrorism Financing
September 10, 2019  |  Cryptocurrency

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. 10). U.S. Under Secretary of Terrorism and Financial...

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Bitcoin Daily: Sygnum Crypto Firm To Seek Singapore Banking License; US Air Force Teams With Constellation Blockchain Firm
Bitcoin Daily: Sygnum Crypto Firm To Seek Singapore Banking License; US Air Force Teams With...
August 29, 2019  |  Bitcoin

Cryptocurrency company Sygnum is planning to apply for a banking license in Singapore. The company, which is based in both Switzerland and Singapore, has been...

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Survey Finds Just 50 Pct. Of Swiss Bank Online
Survey Finds Just 50 Pct. Of Swiss Bank Online
August 27, 2019  |  Banking

A new survey of 34 banks in Switzerland showed that only about 50 percent of the population bank online, according to a report by Reuters. ...

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In Switzerland, Regulators Eye Payments Over Blockchain
In Switzerland, Regulators Eye Payments Over Blockchain
August 27, 2019  |  Blockchain

Switzerland’s regulators are mandating that firms conducting business across blockchain conduct AL and KYC due diligence. In Australia, the Securities Exchange is transitioning to blockchain...

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Despite Meeting Swiss, US Lawmakers Remain Libra Skeptics
Despite Meeting Swiss, US Lawmakers Remain Libra Skeptics
August 26, 2019  |  Facebook

U.S. House Financial Services Committee Chair Maxine Waters met with government officials in Switzerland about Libra, and said she remained concerned about the viability of...

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Supposed Swiss Libra Regulator Says Facebook Hasn’t Reached Out
Supposed Swiss Libra Regulator Says Facebook Hasn’t Reached Out
July 16, 2019  |  Regulation

The Swiss regulator that Facebook claimed will oversee its cryptocurrency hasn’t heard from the social media giant, according to a report by CNBC. David Marcus,...

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FinTech Firms Make Inroads In Switzerland
FinTech Firms Make Inroads In Switzerland
April 09, 2019  |  B2B Payments

In Switzerland, the tally of FinTech firms grew by 62 percent year over year, aided by a favorable regulatory climate, according to a recent study. ...

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