Switzerland’s Canton Bern Approves Bill to Study Bitcoin Mining Impact
With the growing clamor surrounding national Bitcoin adoption, Canton Bern’s lawmakers has moved to explore how mining may benefit power grid. Lawmakers in Switzerland’s Canton of Bern have made history by approving a bill to investigate the effects of Bitcoin mining in the region. Following months of bipartisan efforts to encourage adoption, the bill passed with a […]
FINMA Warns of Money Laundering Risks with Crypto
The Financial Market Supervisory Authority of Switzerland has warned about the dangers of cryptocurrency-related money laundering. According to the regulator’s 2024 Risk Monitor report, stablecoins and other cryptocurrencies are being used more frequently for cyberattacks, payments for illicit dark web activity, and avoiding sanctions associated with geopolitical events. Anti-money laundering measures have been made more […]
BBVA Switzerland Offers USDC to Institutional Clients
According to a press release issued on September 9, BBVA’s institutional and private banking clients in Switzerland are now able to administer Circle’s stablecoin USD Coin USDC in conjunction with their traditional investments on the same platform. The new feature enables clients to exchange, custody, and convert USDC into euros, U.S. dollars, or other currencies, […]
Swiss Central Bank Urged to Add Bitcoin to Balance Sheet
A new effort led by several Swiss Bitcoin supporters aims to use a constitutional referendum to force the Swiss National Bank to add Bitcoin (BTC) to its holdings. The initiative’s driving force, the non-profit think tank 2B4CH, is led by Yves Bennaïm, who argues that adding Bitcoin to the central bank’s reserves is essential to […]
Lugano City Embraces Diverse Digital Currencies
According to a local financial official, that Bitcoin, stablecoins, and central bank digital currencies (CBDC) could coexist in the Swiss city of Lugano. Lugano’s deputy chief financial officer (CFO), Paolo Bortolin, is optimistic regarding a future in which various digital currencies and assets may be utilized in tandem. According to the official, Bitcoin, CBDCs, and […]