We would like to point out that there is no connection between Bank Frick and TCM Investments, Floor 29, 1 Canada Square, London E14 5AA, United Kingdom. The operators of the domain ‘tcminvestments[dot]com‘ are making unlawful use of the name and logo of Bank Frick.
China is striving for advancement in Internet 3.0 technologies, with Beijing's white paper outlining plans to invest in the development of the metaverse and Web3 tech such as non-fungible tokens, but not cryptocurrencies due to the country's previous ban. Meanwhile, Hong Kong is launching its new crypto trading regulations, allowing retail investors to participate from June 1, 2023, with exchanges like Huobi Hong Kong beginning to offer spot trading to retail and institutional clients. Furthermore, the Cybersecurity and Technology Crime Bureau of the Hong Kong Police Force is launching a metaverse platform, 'CyberDefender', to educate the public about potential threats and crime prevention in the metaverse.
A new Bitcoin “token standard” called BRC-20 is the hottest thing right now in the crypto space. It was introduced in March 2023 by a pseudonymous person called Domo. Bitcoin Request for Comment 20 (BRC-20) is an experiment that brings fungible tokens to the Bitcoin blockchain using the Ordinals protocol. Ordinals rely on ordinal theory, enabling the identification and tracking of individual satoshis within Bitcoin's existing supply, while also allowing them to be inscribed (associated) with data. Through this technique, satoshis (sats) are given ordinal numbers starting with zero. Anyone can add a script file to a sat to create and transfer a BRC-20 token on the Bitcoin blockchain. BRC-20 tokens are created using three functions: deploy, mint, and transfer.
It is official now: The European Parliament voted overwhelmingly in favour of Markets in Crypto Assets (MiCA), legislation that will guide the crypto sector in all 27 European Union member states. 517 parliament members voted for it, while 38 voted against it. This approval makes Europe the first continent with comprehensive rules for cryptocurrencies. Also, it means that all EU member states will have unified crypto regulations. So, if a crypto business is approved in one EU member country, it could easily expand operations to another member state. The EU’s milestone was lauded by Binance as well as Kraken and Coinbase.
Bank Frick closes 2022 with a record profit of CHF 10.3 million, breaking through the 10 million mark for the first time and increasing its annual profit by 4.5% compared to the previous year. Its growth strategy, combined with high investment in staff and infrastructure, has proven to be successful.
On April 12, 2023, Ethereum successfully executed the planned Shanghai update also known as Shapella. The upgrade allows validators to unstake their staked ETH and withdraw their rewards, as well as staked ether if chosen. Now that another level of uncertainty has waned for the biggest smart contract blockchain, this new feature could attract more investors to stake their ether.
Another significant update for Ethereum is now imminent, following last year's switch from proof-of-work to proof-of-stake consensus mechanism. Until now, validators have been continuously receiving rewards without being able to cash them out, but with the release of the Shanghai Update on April 12 at 10:27 PM UTC (epoch 194048), all rewards earned by validators will become liquid, just over 1 million Ether in total.
The world’s leading crypto exchange by volume, Binance, alongside its CEO, Changpeng Zhao, and ex-Chief Compliance Officer, Samuel Lim, are being sued by the US Commodity Futures Trading Commission (CFTC).
Liechtenstein has a long-standing tradition in the fields of banking and asset management. Since joining the EEA in 1995, Liechtenstein’s financial centre has established itself as a professional point of reference for promoters of collective investment vehicles on the European financial market.
On 20 April 2023, we invite you to the free webinar «Peek into the future - disruptive blockchain and use cases». The webinar will be held in English.
Founded in 1998 by Kuno Frick, Bank Frick continues to be a family-run business. With the Frick family as the owners, the responsibilities are clear. This also guarantees the prudent further development of the institute.
We were the first bank in Europe to enable the trading and secure custody of crypto assets in the regulated environment. Every day, we think about which innovations we could provide to take you further: loan securitisations on the blockchain, tokenised funds or block orders in online banking.
When it comes to assets, stability and security are what counts. These are offered by Bank Frick as well as by our homeland: Liechtenstein sets itself apart through its solid surpluses, the strong Swiss franc as the national currency and its political stability.
Do you want to grow with our bank? We offer excellent prospects for curious students, motivated new starters, ambitious graduates and experienced specialists and managers.
Bank Frick meets focuses on conveying know-how on various topics: From blockchain technology and practical best-case examples to topics from the traditional world of finance.