Tag Archive: Fintech Switzerland

Swiss central bank asked to issue stock exchange digital currency

The Swiss stock exchange wants the country’s central bank to issue a form of cryptocurrency to settle payments on its new digital securities trading platform. If the Swiss National Bank (SNB) agrees, it would represent a departure from its cautious policy on digital currencies. Stock exchange operator SIX Group revealed at the Crypto Valley Association conference that traders on its forthcoming SDX platform would be able to swap cash for a new...

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Lawsuit seeks freezing of Tezos Foundation assets

A fourth Tezos lawsuit filed in the United States has called on Californian courts to freeze an estimated $1 billion (CHF990 million) of investor assets sitting in a Swiss-based foundation. Law firm Block & Leviton argues that the recent departure of a Tezos Foundation director and the apparent replacement of the entity’s auditor gives weight to its demand for funds, derived from an initial public offering (ICO) in July, to be frozen.

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Second class-action law suit lodged against Tezos

A second class-action lawsuit has been lodged in the United States against the founders of the tokenised blockchain project Tezos, and the Swiss-based foundation that houses hundreds of millions of dollars of investors’ money. The law firm Silver Miller Law presented its complaintexternal link in Florida this week, following a California lawsuit issued last monthexternal link.

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