SNB & CHF

The War on Cash isn’t a conspiracy theory. It’s an open agenda. It’s being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy. Last week, Facebook – in partnership with major banks, payment processors, and e-commerce companies – launched a digital currency called Libra. Unlike decentralized, free-floating...

With a mix of music and award honours, the Starmus Festival being held in Zurich this week has paid homage to the men who made the first moon landing possible 50 years ago. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

With a mix of music and award honours, the Starmus Festival being held in Zurich this week has paid homage to the men who made the first moon landing possible 50 years ago. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

Swiss Franc The Euro has fallen by 0.07% at 1.111 EUR/CHF and USD/CHF, June 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The approaching month/quarter-end and the G20 meeting dominate considerations. Although the S&P 500 closed on its lows for the third consecutive session yesterday, Asia Pacific equities liked the apparent increase in the prospect of a...

The Swiss central bank produces paper money for general use, but will only contemplate digital currencies for specific industry use cases. 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...

A Korean delegation visited Switzerland’s Crypto Valley last autumn. Representatives from Switzerland’s growing cryptocurrency and blockchain sector say it has matured into a viable and respectable industry that demands to be taken seriously by banks. “The hype, nonsense and scams have gone away,” says Daniel Haudenschild, President of the Crypto Valley Associationexternal link (CVA), referring to a “wild west” phase...

The Swiss Foundation for Consumer Protection accuses Swiss influencers of not correctly labelling certain Instagram posts as advertising. A Swiss consumer protection organisation has filed a complaint against Swiss tennis star Roger Federer and several other celebrity “influencers”, accusing them of “stealth advertising” on Instagram and other social media sites. The Swiss Foundation for Consumer Protectionexternal link...

Insolvency isn’t restricted to private enterprise; governments go broke, too. One reason the economy is so much more precarious than advertised is inflation has pushed households and small businesses to the edge–and one engine of that inflation is local government. This is not to dump on local government, which is facing essentially unlimited demands from the public for more services while mandated cost increases in...

SBTV speaks with Keith Weiner, CEO of Monetary Metals, at The Safe House gold & silver vault in Singapore about the real impact of the Basel III reclassification of gold as a Tier 1 asset. Find out why it is not good for gold. Discussed in this interview: 02:58 Is gold an outdated asset for our modern times? 03:49 Gold is a 'risk free' asset. 04:41 Basel III and its impact on gold 10:49 You cannot inventory gold. 12:38 Crime of '33 - Roosevelt's expropriation of gold 20:11 Outlawing...

SBTV speaks with Keith Weiner, CEO of Monetary Metals, at The Safe House gold & silver vault in Singapore about the real impact of the Basel III reclassification of gold as a Tier 1 asset. Find out why it is not good for gold. Discussed in this interview: 02:58 Is gold an outdated asset for our modern times? 03:49 Gold is a 'risk free' asset. 04:41 Basel III and its impact on gold 10:49 You cannot inventory gold. 12:38 Crime of '33 - Roosevelt's expropriation of gold 20:11 Outlawing gold...