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Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

[Nov 8 1:16 PM] Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation. Speaking at…

Swiss National Bank and SDX Delve Deeper Into CBDCs, Tokenized Securities

[Jun 20 5:33 AM] The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.

Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves

[Apr 26 6:37 PM] The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for…

Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot

[Nov 2, 2023 3:31 AM] The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange.

Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report

[Jun 26, 2023 3:54 PM] Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though.

Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem

[Mar 20, 2023 9:44 AM]

Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis

[Mar 20, 2023 8:00 AM] On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced…

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…

Banking crisis: What does it mean for crypto?

[Mar 17, 2023 11:00 AM] Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.

On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank

[Mar 16, 2023 10:00 AM] Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S…

Swiss National Bank says it would support credit Suisse if necessary

[Mar 15, 2023 1:57 PM] Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse.