Swiss Regulators Hire Banks to Retain Crypotcurrency Ventures

Swiss Regulators Hire Banks to Retain Crypotcurrency Ventures
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-7-21 13:10

Switzerland’s financial market supervisor, FINMA held discussions with the country’s bankers’ association and the Swiss National Bank (SNB), on how to improve cryptocurrency ventures’ access to banks.
A few Swiss banks have already started offering Bitcoin futures and the country’s stock exchange announced plans to launch a cryptocurrency exchange.
Limited Acceptance from the Financial System
Only a small number of Swiss banks have allowed cryptocurrency ventures to do business with them making it difficult for such projects to be domiciled in the country.
At least two Swiss banks have reportedly withdrawn services to cryptocurrency projects and groups, further reducing the already limited pool of institutions that handle basic, essential services like accepting deposits.
Image courtesy of Shutterstock
The post Swiss Regulators Engage Banks to Prevent Exodus of Cryptocurrency Ventures appeared first on Bitcoinist.com.

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