World’s First Crypto ETP Gets Green light in Switzerland

The SIX Swiss Exchange has given the go-ahead to an exchange-traded product tracking multiple cryptocurrencies, according to a Financial Times report. The Swiss regulators have raced ahead of the U.S., by agreeing to greenlight the Amun Crypto Exchange Traded Product (ETP). Based on the reports, the Amun Crypto ETP,, will have half of its assets invested The post World’s First Crypto ETP Gets Green light in Switzerland appeared first on CCN

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Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading

The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks dealing in cryptoassets to apply a risk weighting of eight times their market value  when calculating loss-absorbing capital buffers. In a confidential letter seen by swissinfo.ch, the regulator also imposed a 4 percent cap on crypto positions as a percentage of total capital held by banks, The post Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading appeared first on CCN

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Swiss Financial Services Company Raises $100 Million to Launch Crypto Bank

A financial services company based in Zug, Switzerland has raised roughly $104 million (100 million CHF) from investors as it looks to create a bank to lets consumers trade fiat for digital currency. According to Bloomberg, Seba Crypto AG raised the cash from a mixture of private and institutional investors. One of the people behind The post Swiss Financial Services Company Raises $100 Million to Launch Crypto Bank appeared first on CCN

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Ethereum Founder Vitalik Buterin Hopes Centralized Exchanges ‘Burn in Hell’

Ethereum co-founder Vitalik Buterin has stated that he would like to see centralized cryptocurrency exchanges “burn in hell as much as possible”, while conceding that such a time may yet be a while off. He made the remarks while speaking at the TC Sessions Blockchain 2018 event on July 6 in Zug, Switzerland. Responding to … Continued The post Ethereum Founder Vitalik Buterin Hopes Centralized Exchanges ‘Burn in Hell’ appeared first on CCN

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Major Cryptocurrency Exchange Bitfinex Weighs Move to Switzerland

Bitfinex, one of the world’s largest cryptocurrency exchanges, is reportedly planning to move out of its current base in Hong Kong over to Switzerland. German-language Swiss newsweekly Handelszeitung is reporting that Hong Kong-based Bitfinex is already in talks with Swiss authorities over a move to Europe. Switzerland is at the top of the list of The post Major Cryptocurrency Exchange Bitfinex Weighs Move to Switzerland appeared first on CCN

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