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Crypto

Swiss central bank bitcoin reserve push fails after referendum signature drive falls short

A citizen campaign to require the Swiss National Bank to hold bitcoin as part of its reserves has been halted after failing to gather enough signatures for a national referendum. The initiative sought a constitutional change to mandate that some monetary reserves be held in gold and bitcoin, without specifying the bitcoin share. Supporters promoted bitcoin as a neutral reserve asset and hedge against dollar and euro exposure, but the SNB has opposed the idea, citing liquidity and volatility concerns.

Finance

IBM says financial order to change by 2030 as tokenised assets, stablecoins and CBDCs move into mainstream

Tokenised assets, stablecoins and central bank digital currencies are expected to move beyond testing and become core infrastructure for payments and capital markets by 2030, a report cited in South Korean media said. The shift could disrupt banks\' revenue structures and customer touchpoints. IBM outlined scenarios involving CBDCs replacing retail payments, stablecoins dominating cross-border payments, and tokenised securities reshaping capital market infrastructure, while highlighting cybersecurity and regulatory challenges.

Finance

Financial sector AI adoption hits 81 percent; profitability hinges on maturity and investment size

Artificial intelligence adoption in financial services has risen to 81 percent, indicating it has effectively become widespread, a survey found. Profitability and operational efficiency gains depended more on organisations\' AI maturity, the level of technological advancement and investment size than on adoption itself. Fintech firms advanced faster than traditional institutions. Machine learning led usage, with rapid uptake of generative AI and agentic AI. Data availability and quality emerged as the biggest bottlenecks.