The Canton of Zug: The Mecca of Cryptocurrency

With its internationally recognised banking system, Switzerland is now actively embracing financial technology (fintech). The country is the birthplace of Ether – Bitcoin’s closest competitor – and was the location where the public service payments are to be made using cryptocurrency. In 2017, it hosted four of the six largest Initial Coin Offerings (ICOs) or […]

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The legislative conundrum of regulating cryptocurrency

TRANSLATED BY CARA EVANS-GILLEN AND PROOFREAD BY GENEVIEVE SILK Anonymous and independent of any political system, cryptocurrency is dividing governments from a legislative point of view. While certain countries are very reluctant to embrace it, and are trying to adapt their laws and regulations to this new digital craze, worthy of the same Dutch tulip […]

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MiFID II: towards greater consumer protection and transparence in European financial markets

TRANSLATED BY JOYCE CHEN AND PROOFREAD BY CARA EVANS-GILLEN The Markets in Financial (MiFI) Directive was launched on 3 January 2018 throughout the European Economic Area (EEA). MiFID II – Markets in Financial Instruments Directive – completes as well as differs from its predecessor from 2007, MiFID I. The directive aims to reinforce regulation of […]

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On the ruins of the Soviet youth’s memories

TRANSLATED BY NAJWA WAHBI AND SI YUI KO The Soviet setup accorded an important role to the education of future citizens, which in turn led to the organizing of holiday camps. Discover what Soviet childhood was like and the end of an ideology through a trip in the holiday camps of the Minsk region, in […]

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The end of swiss banking secrecy

TRANSLATED BY NAJWA WAHBI AND CAROLINE CARDEN Following the rift created by the FATCA (Foreign Account Tax Compliance Act), the Swiss Confederation’s banking secrecy is once again put to the test. The Automatic Exchange of Banking Information (AEOI) entered into force on January 1st. Three years ago, the FATCA challenged a fundamental principle of the […]

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