Welcome to EverybodyWiki ! Nuvola apps kgpg.png Sign in or create an account to improve, watchlist or create an article like a company page or a bio (yours ?)...

Bitcoin Suisse

From EverybodyWiki Bios & Wiki
Jump to navigation Jump to search



Bitcoin Suisse AG
Bitcoinsuisse-logo-main (2)-01 (2).png
TypeCrypto-Financial Service Provider
LocationZug, Switzerland
Founded2013
Key peopleDr. Arthur Vayloyan (CEO), Niklas Nikolajsen (Chairman and Co-Founder)
CurrencyBitcoin, Ether, ERC-20,
Websitewww.bitcoinsuisse.com

Bitcoin Suisse AG is a Swiss-regulated financial intermediary specializing in crypto-financial services, based in Zug, Switzerland.

The company, established in 2013[1], is headed by CEO Arthur Vayloyan[2] and Chairman Niklas Nikolajsen (Co-founder). As a regulated Swiss financial intermediary (SRO – VQF member) since 2014,[3] Bitcoin Suisse AG offers crypto-financial services for private, institutional, and corporate clients. Today, the company has over 120 employees in Zug, Vaduz and Copenhagen.[4][non-primary source needed]

History[edit]

Bitcoin Suisse AG was founded in 2013, in Zug (Switzerland), by Niklas Nikolajsen and is Switzerland’s oldest professional company active in the field of crypto-financial services.[5] Bitcoin Suisse AG held a crucial position in the development of the “Crypto Valley”, together with other private and public stakeholders.[6]

In June 2014, Bitcoin Suisse started to deploy the first ever Bitcoin ATM in Switzerland[7][8][9][10]. Later the operation of the Bitcoin ATMs was transferred to one of the subsidiaries, Värdex Suisse AG.[11]

In July 2014, Bitcoin Suisse AG joined the VQF – «The Financial Services Standards Association» which is a self-regulatory organisation (SRO), and became the first member specialized in crypto assets. Bitcoin Suisse AG helped facilitating the first fiat-crypto crowdsale for the Ethereum Foundation in August 2014.[12]

Bitcoin Suisse AG developed a payment gateway system for crypto currencies which was deployed by the government of the council of Zug in July 2016. The city of Zug was the first public entity in the world to accept Bitcoin as payment option.[13]

In 2017 Bitcoin Suisse AG founded Swiss Crypto Vault AG, which specializes in secure custody of crypto assets. Swiss Crypto Vault AG is the technology provider for the custody offering of Bitcoin Suisse AG. In November 2019, Swiss Crypto Vault AG successfully completed a series of independent audits including ISAE 3402 reporting.[14]

In November 2017, Dr. Arthur Vayloyan joined Bitcoin Suisse AG as CEO and Niklas Nikolajsen was elected Chairman. With the fast growth of the crypto market, Bitcoin Suisse AG scaled equally and now employs over 120 employees in Switzerland, Liechtenstein and Denmark.[15][16][17][18]

In December 2017, Bitcoin Suisse AG took over the main sponsorship for the Danish ice hockey club Rungsted Ishockey, from the Danish Saxo Bank. This was the first time that a company specialized in crypto-financial services sponsored a professional Sports team, active in a premier league. The Rungsted Arena was renamed the Bitcoin Suisse Arena.[19][20][21]

In July 2018, Bitcoin Suisse AG founded Swiss Crypto Tokens AG, with the purpose of providing services related to the issuing of tokens. With the official release of the Crypto Franc (XCHF) in October 2018, the first Swiss franc backed stablecoin was created[22][23].

In November 2018, Bitcoin Suisse AG joined as a founding member of the Swiss Blockchain Federation, in which Dr. Arthur Vayloyan holds a position in the Board.[24][25]

In December 2018, Bitcoin Suisse AG founded Bitcoin Suisse (Liechtenstein) AG. The company subsequently further increased its focus on its presence in Liechtenstein with the hiring of Mauro Casellini, now CEO of Bitcoin Suisse (Liechteinstein) AG, in April 2019.[26][27]

In July 2019, Bitcoin Suisse AG submitted an application to FINMA (Swiss Financial Markets Supervision Authority) for a Swiss banking licence according to the Swiss Banking Act, Art. 1a, combined with an application for a securities dealer‘s licence, regulated under the Stock Exchange and Securities Trading Act (SESTA).[28][29][30]

Employees of Bitcoin Suisse AG climbing Breithorn in July 2019.

In July 2019, Bitcoin Suisse AG climbed Breithorn with 70 of its employees and conducted the "highest bitcoin trade ever at 4164m".[31]

Bitcoin Suisse AG group photo in front of their offices in Zug in September 2019.

In October 2019, Bitcoin Suisse AG facilitates early sale of rights for Emaar EMR token sale, which will be part of the Emaar Properties tokenized referral and loyalty program. The EMR platform will reward users using the EMR utility token via an app for their loyalty and provide referral opportunities with redemption of rewards in Emaar’s real estate, hotels, e-commerce and owned retail.[32][33]

In November 2019, Bitcoin Suisse AG announced the signing of a letter of intent for a partnership with Worldline to offer cryptocurrency payment services to Swiss merchants and consumers both in-store and in web-shops. The cooperation will leverage the existing nationwide payments infrastructure of SIX Payment Services, which is part of Worldline since the end of 2018.[34][35][36]

In December 2019, the company announced a cooperation in forming a working group with Lykke, SEBA Bank AG and Sygnum AG to support the OpenVASP initiative with an open-source technical implementation of the proposed protocol. OpenVASP is an open protocol put forth in a white paper by David Riegelnig, Head Risk Management at Bitcoin Suisse AG, to implement FATF's travel rule for virtual assets.

Offering[edit]

Niklas Nikolajsen and Dr. Arthur Vayloyan

Trading and Brokerage[edit]

Bitcoin Suisse AG offers clients trading and brokerage services of crypto currencies.[37] The company is considered the largest Swiss broker for crypto currencies.[38] Since 2017 Bitcoin Suisse AG has been cooperating with Falcon Private Bank to enable its clients to invest in crypto-currencies such as Bitcoin, Ether, Litecoin and Bitcoin Cash. Through Bitcoin Suisse's service, Falcon Private Bank's clients gain access to crypto asset management solutions.[39][40][41]

Custody[edit]

To store crypto assets, Bitcoin Suisse AG offers proprietary custody. The Bitcoin Suisse custody solution is ISAE 3402 audited and underwent several audits by PwC, Grant Thornton and Zühlke.[42] This solution was developed by Bitcoin Suisse AG’s subsidiary Swiss Crypto Vault AG which acts as technology provider.

Collateralized Lending[edit]

Bitcoin Suisse AG offers loans against crypto assets as collateral to increase cash flow and provide fiat liquidity against a pledge of crypto assets.[43] According to the firm, loans in USD, EUR, GBP and CHF, are possible. Conversely, Bitcoin Suisse AG offers loans in BTC and ETH against a pledge of fiat assets.[44]

Initial Coin Offerings (ICOs)[edit]

Bitcoin Suisse assists ICO organizers and offers various services in this context.[45] The company has been and continues to be involved in numerous Initial Coin Offerings (ICO), including some of the largest: Bancor ($153 million), Status ($100 million) and Tezos ($206 million). According to Crowdfund Insider magazine, Bitcoin Suisse is the world's most active ICO brokerage and advisory firm.[46] A recent project was conducted for EMAAR Properties PJSC for which Bitcoin Suisse AG facilitated the early sale of rights for Emaar EMR tokens, which will be part of the Emaar Properties tokenized referral and loyalty program.[47]

Staking[edit]

Bitcoin Suisse AG offers staking services for various crypto currencies. On 27th November 2019, Bitcoin Suisse AG announced that Ethereum 2 (ETH2) custodial staking will be offered as well, as soon as Ethereum 2 launches.[48]

Crypto Payments[edit]

Bitcoin Suisse AG offers a payments solution which allows businesses to accept Bitcoin or Ether as payment. Bitcoin Suisse AG receives the Bitcoins and then transfers the corresponding fiat amount to the client. The City of Zug has been using this solution since July 2016 for various kinds of payments, including taxes. Furthermore, the commercial register of Zug as well as the institution of higher education of Luzern also accepts Bitcoin as payment option since late 2017.[49][50][51][52][53][54] In November 2019, Worldline announced a partnership to facilitate cryptocurrency acceptance for payments both at the point of sale and in e-commerce for Worldline’s network of more than 85000 merchants in Switzerland.[55][56]

Additional products[edit]

Front desk at Bitcoin Suisse AG in Zug, Switzerland.

In 2014 Bitcoin Suisse introduced the first series of physical Bitcoin-certificates. These paper wallets have the typical security features as physical money, such as holograms and serial numbers[57][58]. In 2019, Bitcoin Suisse AG has launched a new series of Crypto Certificates which are available for following currencies: Bitcoin, Ether, Bitcoin SV, Bitcoin Cash.[59]

Bitcoin Suisse AG’s subsidiary Swiss Crypto Tokens AG issued the Swiss Franc stable coin (XCHF) which is backed by Swiss Francs. According to Bitcoin Suisse AG’s website, investors can use XCHF as protection against volatility, while remaining in the crypto environment. The XCHF token is issued on the Ethereum blockchain and adheres to the ERC-20 standard.[60]

Bitcoin Suisse has placed Bitcoin ATMs in most major cities in Switzerland. In mid-2014 Switzerland’s first Bitcoin ATM was deployed in the capital Bern. Today, the operation of the Bitcoin ATMs is run by its subsidiary Värdex Suisse AG.[61][62][63][64]

Regulation[edit]

Bitcoin Suisse AG is regulated by the self-regulatory organization VQF (The Financial Services Standards Association), on behalf of the FINMA (Swiss Financial Market Authority)[65].

References[edit]

  1. AG, DV Bern. "Bitcoin Suisse AG". Commercial register of canton Zug. Retrieved 2019-06-25.
  2. "Arthur Vayloyan wird doch CEO – in der Bitcoin-Branche". finews.ch (in Deutsch). 2017-11-20. Retrieved 2019-06-25.
  3. Partz, Helen (2019-08-02). "Crypto Industry Now Comprises 7% of Switzerland's Largest SRO: Report". Cointelegraph. Retrieved 2020-02-06.
  4. "Bitcoin Suisse Flouts Crisis With Hiring". finews.com. 2020-03-19. Retrieved 2020-03-25.
  5. "Krypto-Nation Schweiz". Crypto Valley Journal (in Deutsch). 2018-12-13. Retrieved 2020-03-25.
  6. "Crypto Valley Association". S-GE. Retrieved 2020-03-25.
  7. "Neue Bitcoin-Automaten in der Schweiz". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  8. "Zürcher Bitcoin-Automat wieder in Betrieb | NZZ" (in Deutsch). 2014-07-30. ISSN 0376-6829. Retrieved 2019-06-25.
  9. "Finma erlaubt nun doch Zürcher Bitcoin-Automaten". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  10. "Bitcoin: Berg- und Talfahrt einer Revolution". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  11. Remez, Gregory. "Luzerner Kryptoautomat steht neu in Reisebüro". Luzerner Zeitung (in Deutsch). Retrieved 2020-03-25.
  12. https://fintechnews.ch/submit-a-fintech-switzerl, This is a submited Company Announcement/Press-Release You can submit your own here; -press-release/ (2018-08-23). "Bitcoin Suisse Celebrates Five-Year Anniversary". Fintech Schweiz Digital Finance News - FintechNewsCH. Retrieved 2020-03-25.
  13. "Verwaltung in Zug akzeptiert Bitcoin als Zahlungsmittel". Handelszeitung (in Deutsch). Retrieved 2019-12-20.
  14. "Bitcoin Suisse Vault schliesst Audits erfolgreich ab". Crypto Valley Journal (in Deutsch). 2019-11-15. Retrieved 2020-03-23.
  15. "Bitcoin Suisse setzt mit Ex-CS-Grössen zum Sprung an". finews.ch (in Deutsch). 2017-11-28. Retrieved 2019-06-25.
  16. "Bitcoin Suisse holt sich zwei CS-Urgesteine". finews.ch (in Deutsch). 2018-08-15. Retrieved 2019-06-25.
  17. "Bitcoin Suisse holt Credit-Suisse-Veteran in die Geschäftsleitung". finews.ch (in Deutsch). 2018-10-01. Retrieved 2019-06-25.
  18. "Bitcoin Suisse Flouts Crisis With Hiring". finews.com. 2020-03-19. Retrieved 2020-03-25.
  19. "Bitcoin-"Milliardär" Niklas Nikolajsen lässt die Puppen tanzen". finews.ch (in Deutsch). 2017-12-15. Retrieved 2019-06-25.
  20. "Danish Ice Hockey Stadium Rebrands to 'Bitcoin Arena'". CCN.com. 2018-04-29. Retrieved 2020-03-25.
  21. "Kryptovaluta går ind i sportens verden: Bitcoin Suisse bliver ny arenasponsor for Ishockeyklubben Rungsted Seier Capital". FOLKETS (in dansk). Retrieved 2020-03-25.
  22. Medienmitteilung, Über den Autor (2018-11-01). "Crypto Franc: Schweizer Franken auf der Blockchain". Bitcoin News Schweiz (in Deutsch). Retrieved 2019-06-25.
  23. Gr, Werner; Gr, lehner, Werner; lehner (2018-11-14). "Die Krypto-Zwillinge des Frankens sind von der SNB nicht gedeckt | NZZ" (in Deutsch). ISSN 0376-6829. Retrieved 2019-06-25.
  24. "Über uns – Blockchain Federation" (in Deutsch). Retrieved 2019-12-20.
  25. "Bitcoin Suisse joins as founding member of the Swiss Blockchain Federation". Bitcoin Suisse. 2019-03-12. Retrieved 2019-12-20.
  26. "From Bank Frick to Bitcoin Suisse – Mauro Casellini takes on a new role". Bitcoin Suisse. 2019-04-08. Retrieved 2019-12-20.
  27. https://fintechnews.ch/submit-a-fintech-switzerl, This is a submited Company Announcement/Press-Release You can submit your own here; -press-release/ (2019-04-08). "From Bank Frick to Bitcoin Suisse – Mauro Casellini Takes on a New Role". Fintech Schweiz Digital Finance News - FintechNewsCH. Retrieved 2019-12-20.
  28. "Bitcoin Suisse Seeks Swiss Bank Status". finews.com. 2019-07-16. Retrieved 2019-12-20.
  29. swissinfo.ch, Matthew Allen. "Bitcoin Suisse bids for crypto bank status". SWI swissinfo.ch. Retrieved 2019-12-20.
  30. "Kryptohändler Bitcoin Suisse beantragt Schweizer Banklizenz | NZZ". Neue Zürcher Zeitung (in Deutsch). Retrieved 2019-12-20.
  31. Zmudzinski, Adrian (2019-07-30). "Swiss Crypto Startup Makes 'Highest' Bitcoin Trade Ever at 4164m". Cointelegraph. Retrieved 2020-03-23.
  32. Wirtschaft, Finanz und. "Bitcoin Suisse vermarktet Millionen-Token". Finanz und Wirtschaft (in Deutsch). Retrieved 2019-12-20.
  33. "Bitcoin Suisse vermarktet Token für Dubai Konglomerat". Crypto Valley Journal (in Deutsch). 2019-10-18. Retrieved 2019-12-20.
  34. "Bitcoin Suisse and Worldline to offer Crypto Payments Acceptance in Switzerland". worldline.com. Retrieved 2019-12-20.
  35. "Bitcoin Suisse, Worldline aim to make crypto payments a shopping reality". CNNMoney Switzerland. Retrieved 2019-12-20.
  36. "Bitcoin Suisse and Worldline to Offer Crypto Payments Acceptance in Switzerland". Bitcoin Suisse. 2019-11-08. Retrieved 2019-12-20.
  37. "Neuer Bitcoin Suisse-CEO: Nähere Zusammenarbeit mit Schweizer Banken | 28.11.17". finanzen.ch. Retrieved 2020-02-06.
  38. Züger, Von Pascal (2017-09-15). "Kryptowährung - Bitcoin-Suisse-CEO: "Das Schlimmste bei Bitcoin ist vorbei"". www.cash.ch (in Deutsch). Retrieved 2020-02-06.
  39. Ermes Gallarotti. "Letzte Chance für die Privatbank Falcon | NZZ". Neue Zürcher Zeitung (in Deutsch). Retrieved 2020-02-06.
  40. "Falcon Private Bank springt auf Bitcoin-Zug auf". Handelszeitung (in Deutsch). Retrieved 2020-02-06.
  41. "Falcon Private Bank springt auf Bitcoin-Zug auf". Handelszeitung (in Deutsch). Retrieved 2020-02-06.
  42. "Bitcoin Suisse Vault schliesst Audits erfolgreich ab". Crypto Valley Journal (in Deutsch). 2019-11-15. Retrieved 2020-02-06.
  43. "Bitcoin Suisse Seeks Swiss Bank Status". finews.com. 2019-07-16. Retrieved 2020-02-07.
  44. "Crypto Asset-Collateralized Loans". Bitcoin Suisse. Retrieved 2020-02-07.
  45. Grundlehner, Werner. "Bitcoin Suisse geht auf die Banken zu | NZZ". Neue Zürcher Zeitung (in Deutsch). Retrieved 2020-02-07.
  46. Torris, Therese (2018-04-03). "Switzerland and the Global Regulatory Competition for ICOs". Crowdfund Insider. Retrieved 2020-02-07.
  47. Wirtschaft, Finanz und. "Bitcoin Suisse vermarktet Millionen-Token". Finanz und Wirtschaft (in Deutsch). Retrieved 2020-02-07.
  48. "Bitcoin Suisse to Offer Ethereum Staking From Get Go". Trustnodes. 2020-01-22. Retrieved 2020-02-07. Unknown parameter |url-status= ignored (help)
  49. "Pilotprojekt in Zug: Schweizer Stadt akzeptiert Bitcoins als Zahlungsmittel". Spiegel Online. 2016-05-10. Retrieved 2019-06-25.
  50. www.20min.ch, www 20minuten ch, 20 Minuten, 20 Min. "Zuger können jetzt mit Bitcoins zahlen". 20 Minuten (in Deutsch). Retrieved 2019-06-25.
  51. "PILOTPROJEKT: Stadt Zug testet Bezahlung mit Bitcoin". Luzerner Zeitung (in Deutsch). Retrieved 2019-06-25.
  52. Welle (www.dw.com), Deutsche, Alpine 'Crypto Valley' pays with Bitcoins | DW | 01.07.2016, retrieved 2019-06-25
  53. Welle (www.dw.com), Deutsche. "Crypto Valley in den Alpen | DW | 30.06.2016". DW.COM (in Deutsch). Retrieved 2019-06-25.
  54. www.20min.ch, www 20minuten ch, 20 Minuten, 20 Min. "Zug setzt als weltweit erste Stadt auf Bitcoin". 20 Minuten (in Deutsch). Retrieved 2019-06-25.
  55. "Bitcoin Suisse and Worldline to offer Crypto Payments Acceptance in Switzerland". worldline.com. Retrieved 2020-02-06.
  56. "Bitcoin Suisse, Worldline aim to make crypto payments a shopping reality". CNNMoney Switzerland. Retrieved 2020-02-06.
  57. "Bitcoin: Digitale Währung jetzt als Geldschein". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  58. Sander, Matthias (2014-10-10). "Zuger Firma verkauft Bitcoin-Scheine | NZZ" (in Deutsch). ISSN 0376-6829. Retrieved 2019-06-25.
  59. "Bitcoin Suisse Launches New Crypto Versions of Banknotes". Fintech Schweiz Digital Finance News - FintechNewsCH. 2019-09-20. Retrieved 2020-02-07.
  60. swissinfo.ch, Matthew Allen. "Crypto bond catapults Swiss franc onto blockchain". SWI swissinfo.ch. Retrieved 2020-02-07.
  61. "Bitcoin: Berg- und Talfahrt einer Revolution". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  62. "Neue Bitcoin-Automaten in der Schweiz". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  63. "Zürcher Bitcoin-Automat wieder in Betrieb | NZZ" (in Deutsch). 2014-07-30. ISSN 0376-6829. Retrieved 2019-06-25.
  64. "Finma erlaubt nun doch Zürcher Bitcoin-Automaten". Handelszeitung (in Deutsch). Retrieved 2019-06-25.
  65. FINMA, Eidgenössische Finanzmarktaufsicht. "SRO member search". Eidgenössische Finanzmarktaufsicht FINMA. Retrieved 2019-06-25.

External links[edit]


This article "Bitcoin Suisse" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Bitcoin Suisse. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


Compte Twitter EverybodyWiki Follow us on https://twitter.com/EverybodyWiki !

Farm-Fresh comment add.png You have to Sign in or create an account to comment this article !