Switzerland | ForkLog

ForkLog 13 03.03.2025

Swiss Central Bank Chief Deems Bitcoin Too Risky for Reserves

Bitcoin is unsuitable for inclusion in state reserves due to cryptocurrencies’ lack of stability, liquidity, and security, according to Martin Schlegel, head of the Swiss National Bank (SNB), as reported by Swissinfo. Schlegel explained that high volatility renders digital assets unreliable for long-term value preservation. He stated that reserves must be immediately accessible for the […]

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ForkLog 7 14.06.2024

Swiss Regulator Declares FlowBank, Linked to CoinShares, Bankrupt

The Swiss Financial Market Supervisory Authority (FINMA) has initiated bankruptcy proceedings against the local online bank FlowBank. #FINMA eröffnet Konkurs über die FlowBank SA: https://t.co/DGxN8mzde5Informationen zum Konkursverfahren stellt die FINMA auf ihrer Webseite zur Verfügung: https://t.co/S00N1ASeVo pic.twitter.com/NkCOi88mB3 — Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) June 13, 2024 “This measure became necessary because the bank no longer has […]

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ForkLog 8 21.02.2024

Swiss PostFinance Introduces Cryptocurrency Trading for Clients

On February 21, Swiss bank PostFinance launched a service for buying, selling, and storing digital assets. The financial institution serves a client base of 2.5 million people. PostFinance is leading the way in the Swiss financial sector and launching an innovative crypto service in the morning of 21 February 2024. All details can be found […]

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ForkLog 10 14.02.2024

Taurus Partners with Lido for Liquid Staking Integration

Regulated FINMA institutions will be able to offer clients liquid staking services thanks to a partnership between Swiss infrastructure startup Taurus and LSD provider Lido Finance. We’re thrilled to announce our strategic partnership with Lido Protocol, bringing custody and staking support for staked Ethereum (stETH) to Taurus-PROTECT! ?https://t.co/nLndZnvfCs@LidoFinance pic.twitter.com/Kc8bbFKlui — Taurus (@taurus_hq) February 14, 2024 […]

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ForkLog 6 20.11.2023

Santander offers cryptocurrency trading to Swiss clients

The Swiss-based private-banking arm of the Spanish bank Santander has opened the option for 210,000 high-net-worth clients to trade and store Bitcoin and Ethereum.

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ForkLog 10 28.07.2023

Swiss crypto broker Bity sues FINMA

The crypto broker Bity filed a lawsuit against FINMA over unjustified limits on digital-asset transactions.

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ForkLog 9 28.06.2023

Swiss National Bank to Launch Pilot Wholesale CBDC Project

The Swiss National Bank will soon issue a wholesale national digital currency on the SDX exchange as part of a pilot project, according to its chairman Thomas Jordan.

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ForkLog 15 26.06.2023

Media: Swiss authorities freeze Do Kwon’s crypto assets worth $26 million

The Swiss government blocked around $26 million in Bitcoin and other cryptocurrencies linked to Terraform Labs (TFL) and its CEO Do Kwon.

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ForkLog 6 19.05.2023

In Switzerland, the canton of Zug raises the threshold for bitcoin and Ethereum tax payments to CHF 1.5 million ($1.67m).

The authorities of the Swiss canton of Zug raised the minimum threshold of taxes payable in bitcoin and Ethereum from 100,000 CHF to 1,500,000 CHF ($1.67m).

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ForkLog 7 05.04.2023

Sygnum to help PostFinance launch Bitcoin trading

PostFinance, the government-owned lender, will offer clients trading and custody of digital assets. The initiative will be implemented in cooperation with the regulated cryptocurrency bank Sygnum.

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ForkLog 11 02.11.2022

Switzerland to require verification for cryptocurrency transactions

The Swiss Financial Market Supervisory Authority (FINMA) has revised anti-money-laundering rules to include digital assets. This is stated on the regulator's website.

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ForkLog 7 04.10.2022

McDonalde2a6 Begin?

McDonalde2a6 fast-food chain has begun accepting Bitcoin payments in the Swiss city of Lugano.

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