ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Switzerland Asks Israel To Open Market To Swiss Banks Amid FinTech Regulation Talks




Switzerland is eyeing access to Israel’s financial markets, but European Union regulations may be a hurdle for the famously neutral country.

According to a recent Reuters report, Switzerland's Federal Department of Finance has asked the Israeli Ministry of Finance to allow Swiss banks to trade funds in the Middle Eastern country. Israel is expected to give Switzerland an answer within a year.

Jörg Gasser, state secretary for international financial matters at the Swiss Federal Department of Finance, met with Yitzhak Cohen, Israel's deputy minister of finance, on September 16 to continue the financial dialogue between the two nations. The meeting included discussions of cross-border financial services, FinTech regulation, cryptocurrencies, and combating money laundering. At the gathering, Gasser noted, "We need market access and each other's markets unfettered and as free as possible."

Although Israel provides banks in the European Union with access to its markets, Switzerland is not part of the EU and thus operates under different financial regulations. "Israeli authorities focus on EU regulations, but the EU doesn't fully recognise our rules and regulations for political reasons," Gasser elaborated.

Switzerland and Israel have met twice prior to discuss financial cooperation, once on September 4, 2017, wherein representatives from the two countries signed a memorandum of understanding "to establish a regular financial dialogue between their respective ministries," and a second time on April 17, 2018, during which the two parties "reiterated their commitment to deepen their cooperation in financial matters."

Gasser is also developing a report regarding blockchain regulation in Switzerland. From this report, he plans to submit recommendations to the nation's legislature by the end of 2018. He hopes for these recommendations to be approved by 2019 so that they could take effect by early 2020.

Dani Putney

Dani is a full-time writer for ETHNews. They received their bachelor's degree in English writing from the University of Nevada, Reno, where they also studied journalism and queer theory. In their free time, they write poetry, play the piano, and fangirl over fictional characters. They live with their partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Switzerland, Israel or other Ethereum world news.