According to a story published late last week by Swiss newspaper Handelszeitung, major cryptocurrency exchange Bitfinex is in the process of relocating to Switzerland. Bitfinex CEO Jean Louis van der Velde confirmed that the exchange is in the process of merging “operations previously spread over several locations,” adding that his company has held high-level discussions […]

It is true Bitcoin, and cryptocurrency is faster and cheaper options compared to traditional finance. This is causing some panic among bankers, as they will need to address this challenge sooner rather than later. Doing so is a lot harder than anticipated, which explains their venture into blockchain technology in recent years. Bitcoin Suisse founder […]

If there’s a single test for whether or not bitcoin is finally ready for mainstream use as a currency, it’s this: Can I buy lunch with it? That scenario is about to be put to a two-week test at Switzerland’s University of Zurich, where a student-built bitcoin payment system is due to be put through […]

In a new report published by Switzerland’s Federal Council, regulators claim that the “economic importance of virtual currencies as a means of payment is fairly insignificant at the moment.” The report claims that bitcoin and other digital currencies will have a marginal effect on the Swiss economy for the “foreseeable future,” and no influence on […]

Regulators in Switzerland have approved a plan by bitcoin ATM operator SBEX SA to launch their planned network of machines across the country. Earlier this month, the Swiss Financial Market Supervisory Authority (FINMA) halted plans by another bitcoin startup, Bitcoin Suisse AG, pending a legal review. With the regulatory issues seemingly resolved, SBEX can now […]

Switzerland-based bitcoin brokerage and ATM operator Bitcoin Suisse AG was forced to halt plans to launch a new machine in Zurich today after the country’s financial authority, the Swiss Financial Market Supervisory Authority (FINMA), requested a review of the legal issues related to its proposed services. Bitcoin Suisse already has a handful of operational bitcoin […]