Switzerland Financial News

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Credit Suisse Group said it will reshuffle its board again after a turbulent year.

SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. 

LMAX group, the cryptocurrency and FX exchange, will start trading futures for bitcoin and ethereum in the third quarter.

Credit Suisse chief executive Thomas Gottstein said that the bank is "reviewing" the situation in Russia, but has not yet decided to exit the country after it attacked Ukraine.

Credit Suisse chief executive Thomas Gottstein said that the bank is "reviewing" the situation in Russia, but has not yet decided to exit the country after it attacked Ukraine.

Russians are seeking a safe haven for their crypto fortunes in the UAE

Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.

Credit Suisse paid out nearly CHF400m ($432m) to keep hold of key staff in 2021 — more than eight times what it shelled out the previous year — as it looked to stem an exodus of talent in the wake of successive scandals.

Credit Suisse said its net loan exposure to Russia of CHF848m ($914m) "is not significant", as large European lenders play down the impact of the country's invasion of Ukraine on their business.

Credit Suisse paid out nearly CHF400m ($432m) to keep hold of key staff in 2021 — more than eight times what it shelled out the previous year — as it looked to stem an exodus of talent in the wake of successive scandals.

Credit Suisse said its net loan exposure to Russia of CHF848m ($914m) is "is not significant", as large European lenders have played down the impact of the countries invasion of Ukraine on their business.

Bitcoin surged on Wednesday after President Joe Biden signed an executive order that requires U.S. government agencies to assess benefits and risks of creating a central bank digital dollar and other cryptocurrency issues. The executive order potentially expands the adoption of virtual currencies in the U.S. financial system. Biden's order will require the Treasury Department, the Commerce Department and other key agencies to prepare reports on «the future of money» and the role cryptocurrencies will play.

Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans. 

The WAVES token, issued by the protocol with ties in Russia, is close to a 3x price gain in a matter of just two weeks after it rallied right after Russia invaded Ukraine.

FTX, a major cryptocurrency exchange, announced on Monday it is launching a new European affiliate- FTX Europe, as part of efforts to establish its business in the continent.

Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, is expanding services after securing new regulatory approval from local authorities.

A war rages on Europe’s eastern rim, having already left thousands of people dead and injured and millions more displaced. Digital assets have become so woven into the global financial system that a major political and economic crisis like the one unfolding right now has crypto inevitably involved on all levels: individual, institutional and national. From Russian nationals turning their burning passports into nonfungible tokens (NFTs) to refugees using crypto as a last financial resort, millions of dollars worth of crypto donations flowing to Ukraine, and both digital asset platforms and the United States government weighing crypto sanctions against Russia, cryptocurrencies play a significant role in the events surrounding the ongoing calamity. It is also evident at this point that the crisis, in turn, will massively affect crypto itself, accelerating its adoption and regulation globally.

The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC).

UBS paid around 700 of its top bankers bonuses of $1.6m as large investment banks have continued to pay out huge sums for key employees amid a battle for talent.

UBS paid around 700 of its top bankers bonuses of $1.6m as large investment banks have continued to pay out huge sums for key employees amid a battle for talent.