FINMA reportedly sets tough restriction on bank crypto trading
November 23, 2018Swiss Financial Market Supervisory Authority FINMA is said to put restrictions on banks that crypto assets risk should be weighted eight times their market value when it comes to calculating loss-absorbing capital buffers. Such news comes from confidential letter obtained by swissinfo.ch.
Read More
Swiss watchdog investigates boycott by big banks of Apple Pay, Samsung Pay
November 16, 2018Swiss competition authority launched an investigation into some of huge banks’ actions that were supposedly aimed at boycotting mobile payment solutions, like Samsung Pay or Apple Pay. Investigation covers Swiss units of UBS, Credit Suisse and local entities: Aduno Holding, Swisscard AECS GmbH, PostFinance.
Read More
Bond representing CHF on blockchain was issued
November 06, 2018New bond that will be pegged to Swiss Franc and represent the currency on blockchain was issued on Thursday, Nov. 1st. The instrument crated by Swiss Crypto Tokens aims to attract mass investors to cryptocurrencies.
Read More
New data on migration in Switzerland
October 26, 2018New data on immigrants in Switzerland shows that the immigration of European citizens has fallen down so far this year by 3 percent comparing to 2017. This is in line with a trend that has been noted since 2008, the peak year of migration to Switzerland.
Read More
One quarter of Swiss population is foreign
September 12, 2018New data shows that more than 25 percent of the Swiss population are international residents. Federal Statistical Office published newest data on immigration. However, number of newcomers from abroad is declining.
Read More