SWI Swissinfo.ch Weekly

Swiss ‘Unicorn’ Banking App Reincarnates as Bitcoin Vault

Swiss fintech company Numbrs has blamed jealous banks for killing off its original business model as a third-party provider of financial products. So it has reinvented itself under the banner of the ultimate bank killer – bitcoin. The company, fêted

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Swiss Crypto Industry Unfazed by New Year Bitcoin Crash

The New Year has started with a sharp fall in the price of bitcoin – and some intriguing stories surrounding the Swiss cryptocurrency scene. The industry is well used to volatility in the price of cryptocurrencies and is ploughing on

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Switzerland Dangles Carrot for Crypto Exchanges

The award of a trading license to the SIX Digital Exchange (SDX) coincides with a regulatory backlash on crypto exchanges around the world. For cryptocurrency enthusiasts, the writing is on the wall: the nimble upstarts may have gained a head

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Stakes Rising in Switzerland: The Business of Creating Cryptocurrencies

The adage “money begets money” is being given a twist in the world of decentralised finance. Here, people can make cryptocurrencies by creating cryptocurrencies. It’s a process called “staking” that promises eye watering interest rates – if you can stomach

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Wooden Credit Cards – a Corny Gimmick?

Sustainable finance is all the rage these days. What better way to market your green credentials directly to the public than through environmentally-sound credit cards? Many sustainable offerings, however, should be viewed under a microscope to test their claims. Most

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Bitcoin Banking Services Edging Closer to Reality in Switzerland

“We are operationally ready to offer institutional clients bank accounts and payment services in cryptocurrencies, just like Swiss franc accounts.” Gazprombank Switzerland is one of a number of banks hoping that the Swiss regulator will give the green light next

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Swiss Decentralised Exchange Project Hangs in Balance

The cryptocurrency firm Lykke is one of the longest-established Swiss blockchain companies. But it has recently run into financial difficulties. What’s going on and what does that mean for the sector? Founder and CEO Richard Olsen gave me his take

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How Much Blockchain Does the Financial World Need?

Central Bank Digital Currency (CBDC) is the buzz-phrase of the moment. But the Swiss National Bank (SNB) says producing digital Swiss francs for the general public would create many problems with unclear benefits. The Swiss government has backed up the

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How the Crypto Nation Switzerland Dealt with Covid

The Swiss blockchain industry appears to be in rude health despite the economic fallout of the coronavirus pandemic. The number of new companies and jobs produced by the sector increased in the first six months of the year. Is this

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The Swiss National Cyber Security Centre, the Trust Valley and Autonomous Bubbles

Cybercrime is a growing menace, affecting one in seven people in Switzerland. Reported attacks have risen threefold since the onset of coronavirus. The Swiss National Cyber Security Centre, officially born this month, has its work cut out even with the imminent arrival

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