The head of Switzerland’s central bank, Martin Schlegel, has shut down Bitcoin as a reserve currency. Since it is illiquid and extremely volatile. During an interview Saturday in Tamedia media group newspapers, Schlegel quoted that cryptocurrencies do not meet the most pressing requirements a healthy currency must fulfill. Swiss National
The Swiss government-owned retail bank PostFinance is gearing up to provide cryptocurrency trading and storage services to its clients. On April 5, PostFinance and Sygnum, a local cryptocurrency bank, announced their partnership to provide consumers with a full suite of regulated digital asset banking services. Under this collaboration, PostFinance users
The new NFT custody platform from Seba allows its users to safely store their NFTs. Customers may manage their NFTs just like any other digital asset. Even though the market for non-fungible tokens (NFTs) has been falling. The Swiss cryptocurrency-focused bank Seba has decided to start accepting NFTs as client
McDonald’s starts accepting BTC and USDT payments in Switzerland. Lugano city’s McDonald’s to be the first to accept crypto payments. City of Lugano is keen on making the city completely crypto based. McDonald’s, the world’s one of the first widely spread out multinational global fast food chains, has been accepting
Switzerland’s Finma CEO states that the crypto market needs stricter regulations. The volatile market resembles the 1928 US stock market. Swiss Financial Regulations joins the list of nations planning to implement stricter laws and restrictions on cryptocurrency and its market. The reason being stated is to protect the investors and
A total of 240 cryptocurrencies-based items may be accessed via the platform. As per the exchange, there has been a 673 percent increase in the trade volume. The Six Swiss Exchange has added two more carbon-neutral crypto exchange-traded products (ETPs), increasing the total number of ETPs to 155. In addition,
Hotel in the Swiss Alps accept payments in Bitcoin (BTC) and Ethereum (ETH). The five-star hotel Chedi Andermatt foresees business opportunities through this new move. Chedi Andermatt is determined to lure in more customers. This may not be completely out of the box news though. It has now become very
Sygnum has partnered with art investment firm Artemundi. The shares represent ownership of more than $3.68 million Picasso painting. Sygnum is a digital asset-based Swiss Bank which has partnered with art investment firm Artemundi to provide fractionalized ownership shares in a Pablo Picasso painting for $6,000 each. Moreover, the shares
The Swiss multinational investment bank and financial services company founded and based in Switzerland and also the largest private bank of the world, UBS-Union Bank of Switzerland announces it will soon start cryptocurrency-related services to its prior and top pier customers and clients. UBS is looking profusely into various aspects
