Younger generations in Switzerland prefer crypto currencies to gold

According to a representative survey by Migros Bank, younger generations are increasingly betting on crypto-currencies instead of physical gold. Around 7 percent of the 18- to 55-year-old Swiss population have invested money in bitcoin or in other crypto-currencies. That is more than they have invested in physical gold. For the over-55s, by contrast, the preference […]

FINMA make a proposal for stricter money laundering regulations for crypto-transactions

The Swiss regulatory authority FINMA has announced a new proposal that provides stricter guidelines for unidentifiable crypto-currency transactions. The new FIDLEG and FINIG laws, have obliged the Swiss Financial Market Supervisory Authority FINMA to issue certain, mainly technical, implementation provisions. For this reason, FINMA presented a new, streamlined ordinance last week. Among other things, the […]

Bank of International Settlements: 80% of Central Banks are Working on Central Bank Digital Currency

(Source: Trending Topics 2019 via flickr.com) The likelihood of central banks issuing their own general purpose  central bank digital currency (CBDC) has doubled from roughly 10 – 20%,  from 2018 to 2019, according to the Bank of International Settlements (BIS). On Thursday, the Swiss-based BIS carried out a survey with 66 central banks across the […]

InCore and inacta Enable Easy Access to Crypto-assets for Banks

Swiss companies InCore Bank AG and inacta AG are joining forces to offer traditional banks the entire crypto-asset value chain. Together, InCore Bank AG and inacta AG want to make digital assets constitute an important role in the future of the financial system. Founded in 2007, inCore is a business-to-business transaction bank that offers banks, […]

SIX Survey Confirms Growing Interest in Crypto-Assets

The SIX Swiss Exchange has recently observed an increased interest in trading crypto assets. This increase in interest is shown by a survey (full-report in English) conducted by SIX among Swiss Exchange participants. Market participants observe increasing customer demand for digital assets Around two-thirds of the retail participants surveyed stated that their customers are showing […]