World’s first crypto ETF approved in Switzerland

  Exciting news! The world's first crypto Exchange Traded Product (ETP) will start trading next week on SIX Swiss Exchange, which is Europe's 4th biggest exchange, with a market capitalization of $1.6 trillion. According to Trustnodes , Hany Rashwan, co-founder and chief executive of Amun AG, the crypto startup, which was given the green-light...
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Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland

Emerging Swiss virtual currency fund, Crypto Fund AG, said on Tuesday it had been given an asset management license by the Financial Market Supervisory Authority (Finma). The license allows the company to manage crypto-related investments within Switzerland and to solicit for others elsewhere. Crypto Fund will also be authorized to provide investme...
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Swiss Bank Maerki Baumann to Become Second in Country to Accept Cryptocurrency Assets

  The Maerki Baumann private bank will become the second Swiss bank to accept cryptocurrency assets, financial news outlet International Investment reports August 6. The private Zurich bank has decided to accept crypto assets from payments received for services rendered, as well as those earned from crypto mining, as a response to new market d...
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Major Swiss Online Bank Posts Soaring Profits After Offering Clients Crypto Investing

  Online banking service provider Swissquote has seen a 44 percent surge in profits in the first half of 2018, an uplift attributed to the "crypto boom" earlier this year, local news outlet Finews reports July 31. In July 2017, the Swiss -based online bank was credited by many with becoming "the first" European online bank to launch Bitcoin (B...
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World's Top Four Auditors Join Taiwan-Led Trial for Blockchain Fiscal Audit System

  The world's four largest auditing firms — Deloitte , Ernst & Young, KPMG and PwC —have joined 20 Taiwanese banks to pilot blockchain technology for fiscal audits, local news outlet CTEE reports July 19. The "big four" will join a consortium of major Taiwanese banks to test a blockchain solution for auditing companies' interim financial r...
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Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform

  SIX Group, the parent company of Switzerland's principal stock exchange, has revealed that it is "open" to the possibility of offering cryptocurrency trading services on its digital trading platform. The platform, still in development, is set to launch by mid-2019, SIX Group's spokesman told the Swissinfo news outlet in an interview July 15....
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New Trade Organization to Promote Blockchain Established in Switzerland

  A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12. The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provider ...
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