Swiss Regulator Issues Guidance for Blockchain and Cryptocurrency

Swiss Regulator Issues Guidance for Blockchain and Cryptocurrency
фото показано с : Cripyo.news

2019-8-27 01:00

FINMA, the financial market regulator in Switzerland, has released a guide in line with FATF rules in order to target KYC/AML compliance for blockchain payments companies and cryptocurrencies. Any party that transacts in cryptocurrencies or transmits money over the blockchain is liable to comply with existing money laundering regulation in Switzerland, August 26, 2019.

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New Legal Framework in Switzerland Gives Boost to Blockchain

The Swiss State Secretariat for International Finance (SIF) announced the Federal Council’s adoption of a recent report—Legal Framework for Distributed Ledger Technology and Blockchain in Switzerland—and expressed their intent to assist in developing laws for new technologies, specifically distributed ledger technology and blockchain innovation.

2018-12-16 11:16