Switzerland

Tether has quietly become one of the world’s largest private holders of physical gold. The issuer of the world’s biggest stablecoin is buying bullion at a pace that now rivals national governments. Executives say the strategy is driven by rising concerns over monetary stability and declining confidence in paper-based assets. The expanding gold reserves also reinforce the backing of Tether’s gold-linked products.

European regulators are increasing pressure on cybercrime networks as they target services that conceal the movement of digital funds. A coordinated action supported by Europol has taken down Cryptomixer, a long-running platform used to mask crypto transactions on the clear web and the dark web. Authorities report that the site handled more than a billion euros over the past decade and became a prominent method for laundering illicit proceeds.

The idea that a central bank could hold bitcoin may seem like science fiction to some, but in Switzerland, this perspective is gradually becoming a reality. Indeed, the country is considering an amendment to its federal constitution to allow the Swiss National Bank (SNB) to integrate bitcoin into its reserves, alongside gold. This initiative, led by a group of crypto advocates, reflects a desire to incorporate Switzerland into a modern and forward-looking financial dynamic.

Discover how Switzerland is innovating in KYC management and inspiring a European framework for cryptocurrencies.

Médecins Sans Frontières (MSF), an international, independent medical humanitarian organization founded in 1971 that provides medical assistance to people affected by conflict, epidemics, disasters, or exclusion from healthcare, is thrilled to introduce the “Stake2Care” program. 

Interview with Nathan Douet, COO of Wecan, to delve deeper into their vision and achievements.

The strategic partnership of Binance with Swiss banks is a major initiative to strengthen security and regulation.

Switzerland is reportedly about to enact a law aimed at protecting its systemic banks against bank runs.

The BIS and the central banks of France, Singapore and Switzerland have successfully concluded Project Mariana.

The Global Web3 Ecosystem is set to unite under the banner of “Switzerland United”, an 11-day extravaganza, from September 7th-17th 2023, that combines the forces of the NFT Fest Lugano, NFT Lakeside Unconference and the Swiss WEB3FEST.