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“# Sleepy Swiss town launches Tezos-backed Coronavirus aid program ” On Friday the Swiss town of Wetzikon — formerly best-known for its idyllic pastures and churches — launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be…
“# Russia’s Gazprombank gets green light for crypto custody in Switzerland ” Major private-owned Russian bank Gazprombank has received regulatory approval to launch cryptocurrency custody services through its Swiss subsidiary. According to an official announcement on Oct. 29, the bank scored approval from the country’s financial regulator, the Swiss Financial Market Supervisory Authority, to offer…
“# Will they or won’t they? Central banks eye each other’s digital currency moves ” Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue…
“# Swiss gov’t starts consultation process for blockchain laws ” Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space. The consultation will happen among cantons, parties and other interested groups in this space. It is scheduled to continue for more than three…
“#Swiss city to institute highest ever minimum wage of over $4K a month” One of the world’s richest cities is instituting a minimum wage which proponents say is only relatively sumptuous. Geneva, which by most metrics ranks in the top five for the globe’s priciest places to live, has approved a minimum wage which would…