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#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges. #googleai #crypto2023 #BitcoinButton
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges.

#googleai #crypto2023 #BitcoinButton
#Switzerland has chosen the wholesale route to CBDC. The nation's choice to go down the path of a wholesale #CBDC contrasts with its neighbors in the #UK and #EU , which have worked on a retail option. Although, the choice is in line with Switzerland's image as a financial services center. However, the share of GDP accounted for by financial and insurance services is in long-term decline. The sector had a 9% share last year, down from 10% in 2011. Earlier this year, the #EuropeanCentralBank backtracked on plans to make its digital euro programmable. In a mock interview with a supposed Ukrainian president, Volodymyr Zelenskyy, ECB head Christine Lagarde said there would be a "limited amount of control" over how it could be spent.
#Switzerland has chosen the wholesale route to CBDC.

The nation's choice to go down the path of a wholesale #CBDC contrasts with its neighbors in the #UK and #EU , which have worked on a retail option. Although, the choice is in line with Switzerland's image as a financial services center.

However, the share of GDP accounted for by financial and insurance services is in long-term decline. The sector had a 9% share last year, down from 10% in 2011.

Earlier this year, the #EuropeanCentralBank backtracked on plans to make its digital euro programmable.

In a mock interview with a supposed Ukrainian president, Volodymyr Zelenskyy, ECB head Christine Lagarde said there would be a "limited amount of control" over how it could be spent.
📈Central Banks This Week: 1. #UK : Raised rates by 50 bps, more than expected, for 13th rate hike 2. #Switzerland : Raised rates by 25 bps 3. #Norway : Raised rates by 50 bps, more than expected, for 11th rate hike 4. #Turkey : Historic 650 bps rate hike to 15.00% 5. #US : Two more rate hikes may be needed Central banks have made it very clear. Inflation is still a problem. ✅✅✅
📈Central Banks This Week:

1. #UK : Raised rates by 50 bps, more than expected, for 13th rate hike
2. #Switzerland : Raised rates by 25 bps
3. #Norway : Raised rates by 50 bps, more than expected, for 11th rate hike
4. #Turkey : Historic 650 bps rate hike to 15.00%
5. #US : Two more rate hikes may be needed

Central banks have made it very clear.
Inflation is still a problem.
✅✅✅
Santander Partners with Taurus for Secure Crypto Custody Services 🚨 Santander Private Bank has taken a significant step into the cryptocurrency space by offering bitcoin and ether trading to its clients with Swiss accounts. The move signals a strategic embrace of digital assets within the traditional banking sector. To bolster the security and effective management of these digital holdings, Santander has chosen Taurus, a #cryptocurrency safekeeping technology firm, to implement a self-custody model. This decision aligns with the broader trend of financial institutions recognizing the need for reliable custodial services as they integrate cryptocurrencies into their service offerings. Taurus, based in Geneva, has established itself as a key player in custody technology for cryptocurrencies and tokenized assets. The firm's partnership with Deutsche Bank, announced in September, further underscores its prominence in the industry. Deutsche Bank's investment in Taurus, part of a $65 million Series B round, reflects the growing interest and support from traditional financial institutions for companies operating in the crypto custody space. Notably, this funding round was led by Credit Suisse and included participation from Arab #Bank #Switzerland and Pictet Group. Santander's collaboration with Taurus follows a broader trend of major financial institutions acknowledging the importance of cryptocurrency services. With the live availability of bitcoin and ether trading, Santander Private Bank's move exemplifies a proactive approach in meeting the evolving demands of its clientele and staying competitive in the rapidly changing financial landscape. #BinanceTournament #BTC $BTC $ETH $BNB
Santander Partners with Taurus for Secure Crypto Custody Services 🚨

Santander Private Bank has taken a significant step into the cryptocurrency space by offering bitcoin and ether trading to its clients with Swiss accounts. The move signals a strategic embrace of digital assets within the traditional banking sector. To bolster the security and effective management of these digital holdings, Santander has chosen Taurus, a #cryptocurrency safekeeping technology firm, to implement a self-custody model. This decision aligns with the broader trend of financial institutions recognizing the need for reliable custodial services as they integrate cryptocurrencies into their service offerings.

Taurus, based in Geneva, has established itself as a key player in custody technology for cryptocurrencies and tokenized assets. The firm's partnership with Deutsche Bank, announced in September, further underscores its prominence in the industry. Deutsche Bank's investment in Taurus, part of a $65 million Series B round, reflects the growing interest and support from traditional financial institutions for companies operating in the crypto custody space. Notably, this funding round was led by Credit Suisse and included participation from Arab #Bank #Switzerland and Pictet Group.

Santander's collaboration with Taurus follows a broader trend of major financial institutions acknowledging the importance of cryptocurrency services. With the live availability of bitcoin and ether trading, Santander Private Bank's move exemplifies a proactive approach in meeting the evolving demands of its clientele and staying competitive in the rapidly changing financial landscape.

#BinanceTournament #BTC $BTC $ETH $BNB
Hong Kong Stays #1 in Crypto Readiness, USA Drops to Third in 2023 🔝 In 2023, Hong Kong maintains its position as the #leading jurisdiction for crypto adoption, with a score of 8.36, while the United States falls to third place with a score of 7.25, down 6.5% from 2022. #Switzerland climbs to second place with a score of 8.18. Factors like crypto ATMs, regulations, and tax policies influence a country's crypto readiness. #India leads in global crypto adoption, with lower middle-income nations like Nigeria and Thailand following. New York emerges as the most crypto-ready state in the U.S. due to legislative support and a thriving crypto industry. Is Hong Kong's crypto dominance here to stay? #Binance #crypto2023
Hong Kong Stays #1 in Crypto Readiness, USA Drops to Third in 2023 🔝

In 2023, Hong Kong maintains its position as the #leading jurisdiction for crypto adoption, with a score of 8.36, while the United States falls to third place with a score of 7.25, down 6.5% from 2022.

#Switzerland climbs to second place with a score of 8.18. Factors like crypto ATMs, regulations, and tax policies influence a country's crypto readiness.

#India leads in global crypto adoption, with lower middle-income nations like Nigeria and Thailand following. New York emerges as the most crypto-ready state in the U.S. due to legislative support and a thriving crypto industry.

Is Hong Kong's crypto dominance here to stay?

#Binance
#crypto2023
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges. #googleai #crypto2023 #BitcoinButton
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges.

#googleai #crypto2023 #BitcoinButton
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges. #googleai #crypto2023
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges.

#googleai #crypto2023
The city of #Lugano, #Switzerland announced the introduction of Lugano ( #LUGA ), a #stablecoin linked to #Bitcoin, which can be paid in more than 350 businesses across the city. About 20% of Lugano’s population has an active Lugano wallet. From December 1, the city government of Lugano will also begin to accept tax payments using bitcoin. In addition, Lugano also announced that it will provide US$50 million in funding to startups in the field of encrypted currency and block chains, with emphasis on the Bitcoin core development pool, lightning network development pool, and public projects.
The city of #Lugano, #Switzerland announced the introduction of Lugano ( #LUGA ), a #stablecoin linked to #Bitcoin, which can be paid in more than 350 businesses across the city. About 20% of Lugano’s population has an active Lugano wallet. From December 1, the city government of Lugano will also begin to accept tax payments using bitcoin. In addition, Lugano also announced that it will provide US$50 million in funding to startups in the field of encrypted currency and block chains, with emphasis on the Bitcoin core development pool, lightning network development pool, and public projects.
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges. #googleai #crypto2023
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges.

#googleai #crypto2023
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Bullish
Switzerland launches the Helvetia Phase III pilot with SIX and SNB, introducing wCBDC for digital settlements, reshaping global finance's future. #cbdc #Switzerland https://blockchainreporter.net/switzerland-embarks-on-digital-finance-transformation-a-glimpse-into-the-helvetia-phase-iii-pilot/
Switzerland launches the Helvetia Phase III pilot with SIX and SNB, introducing wCBDC for digital settlements, reshaping global finance's future.

#cbdc #Switzerland

https://blockchainreporter.net/switzerland-embarks-on-digital-finance-transformation-a-glimpse-into-the-helvetia-phase-iii-pilot/
🚨 Santander Private Banking International is offering high-net-worth clients in #Switzerland trading and investing in $BTC and $ETH
🚨 Santander Private Banking International is offering high-net-worth clients in #Switzerland trading and investing in $BTC and $ETH
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges. #googleai #crypto2023
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges.

#googleai #crypto2023
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Bearish
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges. #googleai #crypto2023
#Switzerland is one of the most crypto-friendly countries in the world, and it continues to set the standard for financial innovation. The country has been at the forefront of cryptocurrency adoption, with some of the world's most advanced exchanges.

#googleai #crypto2023
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