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Switzerland
Crypto Twitter’s Misdirected Furor Didn’t Fix the Travel Rule
Following a community uproar, Trezor nixed plans to integrate AOPP, an open-source protocol for proving wallet ownership. The rollback changed nothing and FATF’s travel rule still bedevils users.

Trezor Backtracks on ‘Travel Rule’ App for Self-Hosted Crypto Wallets Amid Uproar
SatoshiLabs, Trezor's creator, scratches its planned integration of the Address Ownership Proof Protocol (AOPP).

Investment Firm L1 Digital Receives FINMA Approval for Collective Crypto Investments
The Zurich-based firm manages around $500 million in assets from institutional clients such as pension funds, family offices and wealth managers.

Trezor Adopts Swiss Travel Rule Protocol for Private Crypto Wallets
The protocol automatically identifies an unhosted wallet when crypto is withdrawn from a Swiss exchange.

BIS, Swiss National Bank, SIX Exchange Complete Wholesale CBDC Trial
Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS also took part in the test.

Digital Asset Platform SEBA Bank Raises $119M for Global Expansion
The Series C funding round was co-led by DeFi Technologies and included participation from Alameda Research.

Why We’re Shutting Our Successful Fundraising Platform
Berlin-based Neufund had a viable security token business built on Ethereum. Regulatory uncertainty is forcing it to close down.

BIS Names CBDC Expert as Head of Euro Region Innovation Center
Raphael Auer is now an economist in the organization’s innovation and digital economy unit.

Arab Bank Switzerland Is Quietly Getting Into DeFi
The Swiss sister entity to Jordan-based Arab Bank is offering clients access to AAVE, COMP, UNI and more.

Sygnum Valued at $800M in $90M Funding Round: Report
The crypto company said it will use the funds for new offerings including yield-generating products and asset-management products for institutional clients.
