Blockchain Investment – SEBA Crypto-bank Raises $22.5 Million

Swiss crypto-bank SEBA has just raised $22.5 million as part of its Series B funding round. Regulated by the Swiss supervisory authority, SEBA Bank now plans to expand internationally. Major Investment for the Swiss Bank Swiss-based crypto-bank SEBA has just raised $22.5 million additional part of its Series B funding round. According to SEBA bank, the new funding round included new investors from Switzerland, Europe, and Asia. However, the crypto bank did not provide a list of the investors that…

CBDC: Swiss National Bank (SNB) to begin Proof-of-Concept Testing

The Swiss National Bank (SNB) is set to launch a proof-of-concept test for a digital currency in 2020. As reported by a Chinese news outlet, the Swiss apex bank will run the test in collaboration with the Bank for International Settlements (BIS). BIS Chief Benoit Coeure revealed key details on this latest development at the Bund Summit held in Shanghai on Sunday. According to Coeure, the proof-of-concept will be undertaken to analyze how the digital currency would work, and the…