Latest News Of FINMA Tag
Business 12 September 2019
Facebook Libra plans to seek payments license in Switzerland
The Libra Association has submitted a request to Switzerland’s Financial Market Supervisory Authority for clarification on how the regulator would classify Facebook Libra.
Business 27 August 2019
Switzerland issues two new blockchain licenses as it cleans up its act
FINMA wants to ensure Switzerland has a clean blockchain industry and has issued new guidance on how blockchain-based companies must adhere to AML and KYC policies.
Business 5 December 2018
‘Relaxed’ Swiss license allows fintech startups to accept public deposits
The Swiss financial regulator has issued fresh guidelines for fintech startups, giving leeway to licensees to accept up to CHF100 million ($100.1 million) in public deposits, in a radical move designed to boost innovation in the sector.
Business 6 November 2018
Switzerland clamps down on banks trading in crypto: report
The situation in Switzerland got a whole lot more difficult for cryptocurrency and banking in general, as the Swiss Financial Market Supervisory Authority (FINMA) is getting tough on those banks who want to trade in crypto assets.
Business 6 September 2018
Smart Valor wins Swiss approval to act as financial intermediary
Swiss tech startup Smart Valor has become one of the few blockchain companies based in the country to win approval from regulators, after the firm was approved to act as a financial intermediary.
Business 23 July 2018
Switzerland steps up to halt cryptocurrency firms’ exodus
Stringent regulations and unwelcoming banks are causing Switzerland to lose business in the cryptocurrency sector to its crypto-friendly rivals like Lichtenstein, Gibraltar and the Cayman Islands.
Business 20 June 2018
Crypto Fund AG receives Swiss license to distribute funds
Crypto Fund AG, a fund based in the ‘blockchain city’ of Zug in Switzerland, announced that it had received a license from financial market supervisor FINMA to distribute funds.