Category Archive: 1) SNB and CHF

Monnaie pleine… ou monnaie vide?
Dans cette contribution critique de l’initiative, l’auteure souligne l’insuffisance totale de gages ou richesses tangibles pour couvrir la production massive d’une «monnaie centrale».
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Elektronisches Zentralbankengeld hat Vorteile
Die Schweizerische Nationalbank hat dem E-Franken eine Absage erteilt – zu Unrecht, sagt Dirk Niepelt im Interview mit finews.ch. Der Direktor des SNB-nahen Studienzentrums Gerzensee erklärt, warum digitales Geld Vorteile bringt. Vergangene Woche hat sich Andréa Mächler, Mitglied des dreiköpfigen Direktoriums der Schweizerischen Nationalbank (SNB), kritisch zur Einführung eines elektronischen Frankens durch die SNB geäussert, wie auch finews.ch...
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Création monétaire: Entente illégale entre banques centrales et commerciales sur fond de silence politique
Création monétaire: Entente illégale entre banques centrales et commerciales sur fond de silence politique. Les crises permanentes du marché financier ont permis, aux banques centrales qui comptent, de justifier des programmes communs de quantitative easing. Cela consiste en une transformation de la monnaie bancaire scripturale en centrale, passée en mains des banques centrales. Ainsi, celles-ci offrent au marché de la haute finance un socle...
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Vers une décroissance inéluctable
Nous avertissons depuis quelques années sur les risques de récession. La déflation de la BNS qui s’est installée en 2011 en était un indicateur avancé. Le risque d’un effondrement global de l’économie ne peut être exclu pour les temps à venir.
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Trilogie des Fiatgeldes (II): Das fraktionelle Reservesystem, die Mutter aller Finanzkrisen und die Quelle der Ohnmacht der Notenbanken
Genial aus der Sicht der Banken war, dass sie das fraktionelle Reservesystem in das Zeitalter des FED hinüberretten konnten – sie waren selber erstaunt, dass ihnen dies gelang und der Geniestreich nur von einigen wenigen Senatoren und Beobachtern durchschaut wurde. So konnten sie ihr eigenes Buchgeld weiterhin emittieren und dies einzig und allein mit dem Versprechen, es jederzeit in Bargeld umzutauschen.
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La FINMA s’inquiète de la cybersécurité en Suisse
La FINMA s’inquiète de la cybersécurité en Suisse Le directeur Mark Branson a plaidé en faveur de la création d’un centre national de compétences, soulignant le retard pris par la Suisse. SUBSCRIBE : https://goo.gl/gpUXB1
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FINMA sees risk of money laundering in blockchain world
Digitalization and innovation in financial services entail new risks in new guises. That’s where the Swiss Financial Market Supervisory Authority, or FINMA, comes in. CNNMoney Switzerland’s Andreas Hohn spoke to FINMA director Mark Branson about blockchain technology, ICOs, money laundering and more. https://www.cnnmoney.ch/shows/living-markets/videos/blockchain-world-finma-sees-certain-risks-money-laundering
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Postfinance und Finma im Clinch
Postfinance und Finma im Clinch Der Finanzdienstleister und die Finanzmarktaufsicht haben eine Meinungsverschiedenheit darüber, wie mit dem Risiko einer Zinsänderung umzugehen ist. SUBSCRIBE : https://goo.gl/ZUx557
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Swiss central bank records huge profits after franc slide
The Swiss National Bank (SNB) was less active on the foreign exchange markets last year, acquiring CHF48.2 billion ($50.8 billion) in foreign currency to weaken the franc. On Thursday, the central bank nonetheless confirmed massive profits on currency holdings in 2017. In 2017, the SNB purchased CHF48.2 billion in foreign currency to stop the Swiss franc appreciating – down from CHF67.1 billion in 2016.
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FINMA Guidelines and ICO Regulation in Switzerland | Fabien Gillioz, Ochsner & Associés | Law Firm
Watch Tokenestate.io legal advisor Fabien Gillioz of Ochsner & Associés present to a full house at Fusion in Geneva, Switzerland. Learn about ICO and Crypto regulation in Switzerland. Visit our website https://tokenestate.io for more information on our product. Join our Telegram on https://t.me/tokenestate to chat with our team and our awesome community.
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„Vollgeld“ ist rotester Kommunismus – lanciert vom Ausland
Schuldfrei“ – so soll unser Geld zukünftig in Umlauf kommen. Das Wort „schuldfrei“ ist positiv besetzt. Wer möchte nicht schuldfrei sein? Jedermann. „Schuldfrei“ ist das zentrale Wort im Initiativtext der kommenden Vollgeld-Initiative, über die das Schweizervolk am 10. Juni 2018 abstimmen wird. Die Initiative kommt daher wie der Wolf im Schafspelz. Absatz 3 des Initiativtextes besagt.
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BNS; les liquidités des banques suisses au service du QE de la communauté monétaire internationale
La BNS s’est arrimée à l’euro en 2011 sous le prétexte de soutenir les exportateurs suisses.Ce serait donc la raison de sa transformation en hedge fund. De notre côté, nous avons toujours soutenu depuis 2011 qu’elle n’avait fait que suivre ses collègues dans la pratique du quantitative easing, dans le but de soutenir les grandes banques et autres hedge funds, en les déchargeant de leurs créances publiques à haut risque.
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Le regole svizzere per Initial Coin Offering
Vediamo cosa ha detto la FINMA sulle Initial Coin Offering. Se volete approfoindire qui trovate l’articolo: https://nextgenerationcurrency.com/tokens-finma-ico/ e qui un approfondimento precedente: https://www.blockchain4innovation.it/…/ico-initial-coin-of…/ #avvmax #ico #crypto #svizzera
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New CHF200 banknote to be introduced in August
The Swiss National Bank (SNB) has announced that the latest addition to the new banknote series – the CHF200 note ($209) - will go into circulation on August 22. The brown note’s key motif will be physical matter. It will “showcase Switzerland’s scientific expertise”, the SNB said a press release on Monday.
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SNB Monetary policy assessment of 15 March 2018
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, with the aim of stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.
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Too early for Switzerland’s central bank to change policy…
At its latest quarterly monetary policy assessment unveiled today, the Swiss National Bank (SNB) maintained its accommodative monetary policy. The target range for the 3-month Libor was kept between -1.25% and -0.25%, the interest rate on sight deposits with the SNB was maintained at a record low of -0.75%, and the central bank reiterated its willingness to intervene in the foreign exchange market if needed.
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FINMA Guidelines for ICOs | Fabien Gillioz & Alexandre de Boccard | Token Estate
Fusion had the pleasure of hosting TokenEstate, for a presentation concerning the Launch of FINMA regulations concerning ICOs, the fast evolving field of Cryptosecurities and regulated instruments intermediated through the blockchain. In this talk, Fabien Gillioz, and Alexandre de Boccard, Partners at Ochsner & Associés, will discuss the recent FINMA’s ICO guidelines. This meetup was …
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ICO Regulation in Switzerland in a Nutshell
Dr. Andreas Glarner, Partner at the MME Crypto Team, provides a high level overview on how Switzerland’s regulator FINMA assesses ICOs / TGEs based on the guidelines recently published. Learn about the different token models (payment/currency, utility, asset) and their regulatory treatment during the different stages of your project. Further, understand which ones qualify as …
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Europe chart of the week – SNB FX intervention
In the wake of the financial crisis, the Swiss National Bank (SNB) increased massively the monetary base to provide liquidity and limit the Swiss franc’s appreciation. The expansion in the monetary base can essentially be seen in the form of an increase in sight deposits held by domestic Swiss banks at the SNB.
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