The Swiss Financial Market Supervisory Authority (FINMA) has introduced a new FinTech license with relaxed requirements.
During its meeting on November 30, the Swiss Federal Council brought into force a corresponding amendment to the Banking Act to promote innovation in the financial sector and remove barriers to market entry for FinTech firms.
The Swiss Financial Market Supervisory Authority (FINMA) has advised banks that cryptocurrencies should have a risk weighting ratio of 800 percent to cover market and credit risks.
Local news media outlet Swissinfo reported that FINMA issued a confidential letter to EXPERTsuisse,
The Swiss Financial Market Supervisory Authority (FINMA) has officially recognized the MetaHash coin as a utility token with payment functions.
In February of this year, FINMA released its initial coin offering (ICO) guidelines and classification of tokens.
Crypto Fund AG has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to distribute collective investment schemes to qualified investors.
Crypto Fund AG, a Zug-based subsidiary of the Swiss Crypto Finance Group (CFG), claims that it is the first crypto fund company in Switzerland to receive authorization from FINMA.
Moving Media, the owner of payment gateway Payment21, has received a Swiss Directly Subordinated Financial Intermediary (DSFI) license form the Financial Market Supervisory Authority (FINMA), a regulatory arm of the Swiss government. Payment21 is the first bitcoin company to gain full regulatory compliance from the Swiss financial regulator.
