France To Block Libra But FINMA Eager For Regulation

Fresh reports have revealed that France wants to block Facebook’s Libra cryptocurrency in Europe. Meanwhile, financial regulators in Switzerland say they are open to international cooperation in the creation of a regulatory framework for the proposed cryptocurrency project. Libra Shall Not Pass London-based City A.M. has released a report purportedly from AFP that regulators in […]

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Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

The head of the Swiss financial markets watchdog has spoken out on the perceived pressure for the nation arising from Facebook’s Libra cryptocurrency project being based in Geneva, as well as the potential opportunities cryptocurrency tech brings. In an interview with the Neue Zuercher Zeitung newspaper, Mark Branson, director of the Financial Market Authority (FINMA), said that […]

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Swiss Regulator Licenses Two New Blockchain Companies As It Shores Up Legal Requirements

Swiss financial authority FINMA offered guidance this week on anti-money laundering (AML) requirements for blockchain-based companies even as it granted broker-dealer licenses to two new blockchain companies. FINMA considers AML to be “technology-neutral” and expects all payments, including blockchain transactions, to follow the requirements. The gist is simple: “Institutions supervised by FINMA are only permitted […]

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Swiss Crypto Broker Bitcoin Suisse Applies for Banking and Securities Licenses

Bitcoin Suisse, a crypto-broker and pioneer of Switzerland’s “Crypto Valley,” has taken anticipatory steps to comply with a “maturing” regulatory environment. The firm announced on Tuesday that it has applied for a banking license with Swiss Financial Markets Supervision Authority (FINMA), as well as a security dealer’s license, mandated by the Stock Exchange and Securities […]

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Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

Switzerland’s finance watchdog has found that the cryptocurrency mining firm Envion AG, which raised millions through an initial coin offering (ICO), held the sale illegally and “seriously violated” laws. Announcing the news on Wednesday, the country’s Financial Market Supervisory Authority (FINMA) said that Envion unlawfully received public deposits worth over 90 million francs ($90.33 million) […]

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