Latest News Of FINMA Tag

‘Relaxed’ Swiss license allows fintech startups to accept public deposits

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.

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Switzerland clamps down on banks trading in crypto: report

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.

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Smart Valor wins Swiss approval to act as financial intermediary

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.

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Switzerland steps up to halt cryptocurrency firms’ exodus

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.

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Crypto Fund AG receives Swiss license to distribute funds

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.

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