Here’s what happened in blockchain in Switzerland this week: Swiss National Bank chairman delivers speech on digital tokens; crypto bank SEBA aims to go live next month; and blockchain makes a mark at Swiss Digital Day.
SEBA Crypto is one of Switzerland’s first crypto banks after it received the green light from regulators. CEO Guido Buehler says they’ve spent less than 30 percent of the CHF 100 million raised in building up the bank so far. Buehler says now their next step is to generate profits to reach the breakeven mark.
Here are the top Swiss blockchain stories of the week. Sygnum takes the next steps in building a crypto bank; SIX CEO signals progress for a digital exchange; and an SNB survey shows that blockchain is used by less than 5 percent of Swiss banks.
Sygnum co-founder Mathias Imbach says “our phonelines are ringing constantly” after receiving a banking and securities license from FINMA. He explains the company’s next steps in building one of Switzerland’s first regulated crypto banks.
CV VC releases new blockchain report on Switzerland and Liechtenstein, with valuations of the top 50 companies doubling to USD 40 billion. Swiss-based Smart Valor launches a digital asset exchange. And the Swiss Asia Crypto Alliance registers in Zug.
Smart Valor has launched its digital asset exchange to trade cryptocurrencies with plans to include security tokens in the future. We speak to CEO Olga Feldmeier on why Switzerland’s “Crypto Nation” is only seeing this exchange now.
Bitcoin Suisse brings the first crypto ATM to the Swiss Alps, the Commercial Registry of Zug accepts bitcoin payments in person, and Crypto Valley Labs searches for the next batch of blockchain startups for its incubation program.
The University of Geneva plans to be the first institution to teach Facebook’s Libra; Swiss blockchain entrepreneurs recognized on Forbes 30 Under 30 list; Bitcoin’s energy consumption surpasses Switzerland’s; and the Swiss stock exchange hosts first Bitcoin Cash ETP.
The University of Geneva is teaching Facebook’s new currency Libra in its blockchain programming course starting in September. A new module is being introduced specifically to cover Libra Blockchain and the associated Move programming language. Jean-Marc Seigneur from UNIGE says talks are already underway with Libra regarding collaboration on education: “The most advanced parts of Libra blockchain, the technical parts, might be taught by developers of Calibra, for example.”
The Libra Association and its 28 founding members including Facebook will set up home in Geneva. Experts at the Crypto Valley Conference weigh in on whether this will just be another mailbox.