Swiss blockchain startups can now handle up to $100M – just like banks

Swiss blockchain startups can now handle up to $100M – just like banks
ôîòî ïîêàçàíî ñ : thenextweb.com

2018-12-3 18:04

Switzerland’s blockchain-related businesses are one step closer to legitimacy. Local cryptocurrency startups can now apply for a new license that would allow them to handle deposits of up to $100 million, a right normally reserved for banks.

The Swiss Financial Market Supervisory Authority (FINMA) has released strict guidelines for cryptocurrency businesses to follow if they hope to receive the coveted “FinTech” license required to manage large amounts of money on behalf of investors and customers. From 1 January next year, companies other than banks can formally request authority to accept public funds of up to $100 million as part of their…

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2018-6-30 07:17


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Banks’ Crypto Account Refusals Lead to Polish Bitcoin Association Challenge

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2018-6-29 21:00


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U.K. Banks Warned to Be Careful With Cryptocurrencies

The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.

2018-6-29 18:17


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Banks Advised on How to Manage Risks of ‘Crypto Assets’ by UK Financial Regulator

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2018-6-12 05:55


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