Switzerland Financial News

08.06 / 08:19

Binance SEC CEO Platform Binance Faces Scrutiny Over Switzerland-Based Sigma Chain in Latest SEC Filing

In the latest court filing by the US Securities and Exchange Commission (SEC) against Binance, the Switzerland-registered crypto-asset trading company, Sigma Chain, is under scrutiny. The filing alleges that Changpeng Zhao (CZ), the CEO of Binance, is the actual owner of Sigma Chain, with multiple Binance employees operating the firm.

07.06 / 20:35

Stablecoin Payments regulation Circle Circle is latest recipient of Major Payment Institution license in Singapore

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.

07.06 / 01:13

Binance SEC Action Assurant Binance U.S. clients have $2.2 billion 'at significant risk' after crypto exchange charged, SEC says

The $2.2 billion of U.S. customer assets held by Binance is at «significant risk» of being stolen by founder Changpeng Zhao unless a freezing order is in put place, federal regulators said in a filing Tuesday night, after the crypto regulator was charged by the Securities and Exchange Commission.

06.06 / 19:44

Target UBS UBS set to complete $3.25bn acquisition of Credit Suisse by 12 June

UBS is set to complete its $3.25bn acquisition of cross-town rival Credit Suisse by 12 June.

06.06 / 18:54

regulation How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5

The lively discussion around artificial intelligence (AI) continues. Last week, dozens of AI experts — including the CEOs of OpenAI, Google DeepMind and Anthropic — signed an open statement with a single sentence: “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”

02.06 / 17:37

business Blockchain Polygon Europe Tokens Digital Asset Taurus Asset Tokenization Polygon Blockchain Taurus deploys on Polygon blockchain for asset tokenization and custody

Digital asset infrastructure provider Taurus is stepping up its tokenization efforts in Europe through a full integration with the Polygon blockchain, the company announced on June 2.

02.06 / 16:13

UBS Swiss Why wealthy Americans love UBS, the secretive Swiss banking giant

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02.06 / 15:23

Twitter CFTC Europe Legal UK OpenAI network elon Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area Network, US CFTC Mulls Rules Change to Include Crypto Risk

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

02.06 / 11:49

Citi Citigroup Citi nabs Frank for leveraged finance, Credit Suisse bleeds staff, Pease to retire after Crux sale

Citigroup has hired Credit Suisse investment banker Julia Frank as a managing director within its leveraged finance team. She joins in Frankfurt after more than 10 years at the Swiss bank and will report to senior leveraged finance bankers Paul Gibbs and Uday Malhotra.

01.06 / 18:21

NFTS Non-fungible tokens tokenization Iconic H.R. Giger 'Alien' Sculpture to be Fractionalized as NFTs

Art collectors and fans of the cult science fiction film Alien will have a chance to purchase a fractionalized digital artwork of a rare sculpture by the late Swiss artist H.R. Giger.

01.06 / 13:34

business regulation Europe European Union ChatGPT Italian senator provokes parliament with AI-generated speech

A senator in Italy spoke before members of the Italian parliament with, unbeknownst to parliament members, a speech entirely composed by artificial intelligence (AI).

01.06 / 11:05

Strategy BNP Paribas picks Josh Farber from Credit Suisse as new head of European credit strategy

BNP Paribas has hired a senior trader from Credit Suisse to lead its European credit strategy in the latest departure from the Swiss bank.

31.05 / 14:55

Exodus UBS Takeover week Credit Suisse is losing 200 bankers every week after UBS takeover

Around 200 Credit Suisse staff are quitting the troubled Swiss lender every week as it battles a staff exodus amid its takeover by cross-town rival UBS.

31.05 / 13:35

Blockchain Technology Altcoin Decentralized Exchange Decentralization Blockchain firm raises $25M to develop third-generation architecture

Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture.

31.05 / 09:13

Citigroup Citigroup hires Credit Suisse dealmaker Julia Frank for leveraged finance

Citigroup has hired a senior Credit Suisse dealmaker for its leveraged finance unit in Europe, as rivals continue to take on investment bankers from the Swiss lender after its acquisition by rival UBS.

30.05 / 14:27

UPS FIVE Edmond de Rothschild Asset Management joins $59tn net-zero coalition

Edmond de Rothschild Asset Management and five other fund groups have signed up to the Net Zero Asset Managers initiative, one of the largest industry alliances tackling climate change.

30.05 / 03:15

Provident Digital Gap Racing coinbase Bitcoin regulatory Ark Investment: U.S. Crypto Innovation Threatened by Regulatory Ambiguity

Major trading firms in the United States, such as Jane Street Group and Jump Trading, are scaling back their involvement in the domestic crypto markets due to increasing regulatory uncertainties and associated risks. This retreat is causing a significant void in the once vibrant U.S. crypto landscape, which could deter interest from institutional investors.

26.05 / 18:49

XRP regulation Web3 Decentralized Exchange Federal Reserve Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’

The Federal Reserve Bank of Atlanta has piqued the interest of the crypto community with a recent publication in its Policy Hub series on the implications of Web3 for financial services. The 17-page paper by Christine Parlour, a professor at the University of California, Berkeley Haas School of Business, is intended as a basic text, and is noteworthy for its completeness.

26.05 / 15:29

CBDC Adoption regulation Federal Reserve Bank of England ECB Bank of Canada retail CBDC 7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors.

26.05 / 15:29

regulation World Economic Forum Digital Asset recommendations WEF publishes crypto asset regulation recommendations for government, industry

The World Economic Forum has released a white paper on crypto asset regulation, assisted by its Digital Currency Governance Consortium. The need for regulation is urgent and cooperation is key, the paper found.

26.05 / 01:13

CBDC Central Bank BIS Future Seven Central Banks Contemplate the Future of Retail CBDCs in Latest Report

The Bank for International Settlements, which serves as a “bank for central banks,” released its latest paper examining retail central bank digital currencies, as its members “are approaching a point” as to whether or not they should move forward in their CBDC work.

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