London-based banks made reasonable progress on their relocation to the Eurozone

This conclusion was made by Sabine Lautenschlaeger, director at the European Central Bank, to an audience in Sydney. On Wednesday, Sabine Lautenschlaeger, European Central Bank director stated, the majority of London-based banks relocating to the Eurozone due to Brexit, have made “reasonable progress” in preparing the move. “We have urged and pushed them (banks) to…

Blythe Masters CEO of blockchain startup Digital Asset steps down

Following Blythe Masters’ stepping down as Digital Asset’s CEO, AG Gangadhar, the startup’s chairman will serve as its acting CEO while it locates a new chief executive. Digital Asset, a blockchain startup stated, Blythe Masters, its chief executive officer who is one of the most prominent backers of the distributed ledger technology on Wall Street…

Swiss-startup SEBA Crypto AG raises $103 million in latest funding round

SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…

Switzerland working on regulatory framework for cryptocurrency projects

Of the 250 banks that earlier allowed companies to transact in cryptocurrencies, only two are active. While much of the business has gone to Liechtenstein, Swiss authorities are bent on taking back the crown. Regulators in Switzerland are stepping up their efforts to halt the exodus of cryptocurrency projects from the country. Currently only two…