Swiss government announces legal foundation for blockchain technology

Following the Swiss government’s release of an official report (see English report here) on Friday, advocating for decentralised financial transactions to have a place in the Swiss legal code, could this new strategy strengthen Switzerland’s status as a blockchain friendly country?     Several experts in the blockchain space provide their insight on the importance of adapting current legislation to incorporate new technological developments and the implications of Switzerland allowing changes to be adopted on a ‘need-to-regulate’ basis.   Brent Jaciow, Head of Blockchain Affairs at Utopia Music, the cutting-edge,…

Read More

PwC Strategy& Collaborates with Crypto Valley Association to Produce Second Quarterly Global ICO Report

  Report highlights maturation of the global ICO marketplace; New jurisdictions seek to emulate the success of traditionally ICO-friendly hubs such as Switzerland     Zug, Switzerland, June 28, 2018 — Strategy&, PwC’s strategy and consulting division, in collaboration with the Crypto Valley Association (CVA), a not-for-profit established to foster the growth of the blockchain ecosystem in Switzerland, have launched the June 2018 edition of their quarterly reports on the global Initial Coin Offering (ICO) market.   The report, the second in its series, provides a comprehensive overview of ICO…

Read More

Global Blockchain Services Firm WACHSMAN Recruits Key Executives from Jefferies and J.P. Morgan to Lead New Strategy Division

  Wachsman amplifies service offerings beyond public relations and events management with first major agency expansion   NEW YORK, NY — June 12, 2018 — Wachsman, one of the world’s leading blockchain professional services firms, has hired senior bankers from investment banks Jefferies and J.P. Morgan to lead a new blockchain strategy and advisory division. Formerly Senior Vice President, Technology Investment Banking Group at Jefferies, Michael Chang joins Wachsman as Managing Director and will lead the firm’s new Strategic Advisory Group in New York.     Chang will be supported…

Read More

Switzerland now a Cryptocurrency Tax Haven

In a sleepy village next to a lake and the Swiss Alps things are happening in the crypto world.   Switzerland has long been a global center for the wealth management industry,  and it reportedly is housing around $2 trillion, or 27 percent, of global offshore wealth.     There are numerous stories of people with bundles of cash hidden inside rolls of newspaper to set up shell companies, to jamming diamonds into toothpaste tubes.   Lately Swiss Banking secrecy has come under pressure but by establishing a global hub…

Read More