Author: Editorial Office CVJ.CH

Since 2018, the editorial team at Crypto Valley Journal has been reporting from Zug - the heart of Switzerland’s Crypto Valley - on Bitcoin, cryptocurrency, blockchain, and regulatory developments in digital assets. Behind the publication’s collective editorial voice is a team of writers with backgrounds in financial markets, law, and technology.

Last March, the Swiss Bankers Association (SBA) published a white paper on the Deposit Token (DT), a digital Swiss franc stablecoin. Now, the three banks UBS, PostFinance and Sygnum have signed a letter of intent for a proof-of-concept (PoC) by 2025. The “Digital Currencies” project is seen as an important step towards improving the services offered by the Swiss financial center and maintaining its competitive edge in the digital economy. With the letter of intent, the Deposit Token initiative has reached another milestone, the SBA said in a press release. In the proof of concept, the SBA will act as…

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The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq Inc.’s application to list options on BlackRock’s iShares Bitcoin Trust ETF. This brings trading in traditional Bitcoin ETF derivatives one step closer to the starting line. Options are financial derivatives that give investors the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a predetermined price before or on a specific expiration date. In traditional finance, options are frequently used for risk hedging, speculation, or leveraging investment positions. Soon, these options on the spot Bitcoin ETF “IBIT” will be available for trading,…

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