Swiss Bank Border & Cie SCmA Partners With Sygnum Bank To Offer Cryptocurrency Services

 Swiss Bank Border & Cie SCmA has announced that it will offer trading in bitcoin and other cryptocurrencies. This heralds a new development for the Swiss bank as it looks to get a first-mover advantage in the growing crypto industry.  Crypto Service Facilitated by Sygnum Bank  Border & Cie SCmA revealed this latest development in a press release today, highlighting the different crypto features it would be offering. According to the report, Bordier has partnered with the Crypto-based firm Sygnum…

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…

5 Countries with the Most Crypto-Friendly Policies

Despite their growing popularity, Bitcoin and other virtual currencies are still not accepted in many states and nations. There are varying levels of ‘crypto-friendliness’ in different countries, which refers to each government’s policy regulations to support (or against) cryptocurrencies. Some, like Ecuador and Bolivia, have banned the use of decentralized currencies altogether. However, others have a more accepting or positive stance towards crypto. These five are some of those countries that are generally crypto-friendly: Malta The small nation of Malta,…

Switzerland’s FINMA Authorizes Cryptocurrency Transactions For a Local Bank

Trading, holding, transferring and generation of digital assets is now possible for Incore Bank in Switzerland due to the authorization received from Swiss Financial Market Supervisory Authority (FINMA). The local bank announced the launch of access to digital assets on May 29, representing a critical step towards the creation of a blockchain-friendly environment across the EU banking sector. This makes the bank the pioneering business-to-business bank in Switzerland, approved for operation within the cryptocurrency space. Incore Bank is now allowing institutional clients to…

A Guide to Legislation and Taxation on Cryptocurrencies

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most important regulatory authorities tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc. have made it necessary. Governments worldwide are acknowledging the importance of regulatory oversight for keeping a check on the space. This has received a lot of backlash from…

Phil Dettwiler Says Bitcoin A Genuine Investment Scope

Switzerland leads when it comes to cryptocurrency advancement. Currently, many Switzerland bankers believe Bitcoin is certainly suitable for Switzerland's financial and banking sector. On a recent podcast, Phil Dettwiler of SEBA Bank AG stated that Bitcoin is truly an investment opportunity because it is a store of value. Likewise, Bobby Lee recently said that bitcoin's price would reach $ 1 million or more and said that it was the opportunity of a lifetime. Crypto Banks Have Been Making Effort Recently,…