![Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets](http://btcmanager.com/wp-content/uploads/2018/11/Swiss-Financial-Regulator-Says-ICO-Tokens-Will-Count-As-Securities-nm3nnzk09nwbi6s4bmossij5xrx9nns2ug2y0tpdey-350x209.jpg)
2018-11-6 14:00 |
The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital.
According to a secret letter quoted by swissinfo. ch in a story published on November 5, 2018, the regulator has imposed the new rule to protect the stability of the Swiss banking. . . Read More. The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News. origin »
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