Month: February 2020

Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions

Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto TransactionsFamous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets. Also read: With New Regulations, Europe’s Crypto Companies May Be Running […]

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FINMA Approves new AML Guidelines for Crypto Exchange Transactions

TheMerkle_FINMA Swiss Banks Money LaunderingSwitzerland has proven to be a prominent region for blockchain and cryptocurrencies. That situation may come to change soon, following some new AML guidelines. It is evident that authorities are concerned about cryptocurrencies. More AML Restrictions in Switzerland This is especially apparent when it comes to money laundering and tax evasion. FINMA, the Swiss Financial Market Supervisory Authority, has come up with new guidelines. They are primarily interested in transactions related to cryptocurrency exchanges. Any transfer above $1,020 will be subject to additional verification.  Any transaction below this amount can be executed without any identity verification at all. This still

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New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen

New Regency Television Wins Screen Rights to Onecoin Story - The Missing CryptoqueenThe story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors New Regency Television […]

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Defi Market Surpasses $1 Billion – But There’s a Catch

Defi Market Surpasses $1 Billion – But There’s a CatchThe total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower. Meanwhile, creeping competition from centralized lenders shows that defi will have to innovate […]

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