Switzerland Votes ‘Yes’ to Being Tax Home for Big Business

In this article Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes. Switzerland approved an overhaul of the corporate tax code, choosing to stay an attractive base for companies like Procter & Gamble, Vitol SA and Caterpillar Inc. even at the expense of a short-term drop in fiscal revenue. The […]

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World Economic Forum Teams Up With 100 Logistics Firms, 20 Gov’ts in New DLT Project

The World Economic Forum (WEF) has teamed up with over 100 global supply chain and logistics leaders to standardize blockchain apps in the industry, the organization announced on May 1. The WEF, a Switzerland-based organization whose motto is commitment to “improving the state of the world,” has announced a new project called “Redesigning Trust: Blockchain for Supply Chains.” The project […]

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Cryptocurrencies Could Soon Join Swiss Stock Exchange

The trading of cryptocurrencies on mainstream stock exchanges would have sounded like a fantasy just a few years ago. However, this fantasy is inching closer to reality as the mainstream financial system seeks to capitalize on the ever-rising popularity of cryptocurrencies. NYSE’s parent company has been reported to be working on a cryptocurrency exchange, and so has Germany’s second-largest stock […]

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Swiss “Crypto-Valley” Set to Test Blockchain Voting

Residents of the city of Zug in Switzerland will be participating in a blockchain trial voting process [1] set to take place from June 25th to July 1st, 2018. The city, often referred to as “Crypto-Valley”, has been a major hub of blockchain technology and will be testing this kind of voting process for the first time, as reported by swissinfo.ch […]

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Will Switzerland Become the Crypto-Nation by 2020?

Switzerland has always been seen as the center of the world’s wealth management industry with a secure and reliable bank system and practices. It is not surprising that it is also one of the first economically developed countries to take a pragmatic approach to digital currencies and its development by straightforwardly acknowledging its potential to make a part in the […]

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Mafias in Italy Use Bitcoin & Cryptos for Money Laundering

The rate of illegal activities including money laundering through Bitcoin (BTC), is alarming in Italy and throughout Europe at large. Crypto startup Eidoo, founded by Italians, which allows users to store, convert and spend digital currencies, selected an apartment in 2017 in a building structure that was sequestered for ndrangheta in Chiasso, Switzerland, just 0.4 kilometers from the Italian border. […]

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South Korea Will Keep ICO Ban, Says Financial Services Commission

South Korea will continue to ban initial coin offerings (ICOs) in the country, state financial regulator the Financial Services Commission (FSC) confirmed in a press release Jan. 30. Unveiling the results of a survey undertaken from September 2018, the body said it had discovered that firms conducting ICOs were making use of foreign jurisdictions, but still raising funds from South […]

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Swiss Bank Set to Launch a Digital Asset Vault

Apart from being recognized as one of the world’s topmost financial centres, Switzerland is now making moves targeted at placing it at the forefront of blockchain technology. The country is planning to accept and promote crypto as a means of transferring and storing value. Vontobel to Launch Digital Asset Vault One of the most important private banks in Switzerland, Vontobel […]

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Daily Byte: Wednesday, December 5, 2018

Congressman takes on ICOs, Switzerland rejects crypto regulatory framework, and traditional financial firms back crypto exchange. Congressman Proposes Legislation to Regulate ICOs and Classify Crypto as New Asset Class Cleveland.com is reporting that a United States representative has proposed federal legislation that would create a regulatory framework for crypto-assets and ICOs. The bill, proposed by Rep. Warren Davidson (R-OH), has bipartisan […]

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