finma – DIGIT INFO

SafePal launches Telegram crypto wallet with Visa card support

DIGIT — Sat, 02 Nov 2024 06:46:25 +0000

SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.

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Swiss regulator FINMA targets stablecoin issuers in new proposal

DIGIT — Sun, 28 Jul 2024 07:19:30 +0000

As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions.

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Swiss regulator forces crypto-friendly FlowBank into bankruptcy

DIGIT — Fri, 14 Jun 2024 00:06:53 +0000

The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance.

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Systemic Swiss Banks Not Ready for Crisis, Regulator Says

DIGIT — Fri, 28 Apr 2023 12:00:13 +0000

Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds […]

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$1.12B in Bitcoin options expire this week, and bulls appear to be at a disadvantage

DIGIT — Thu, 06 Apr 2023 18:40:00 +0000

Commodities rallied as the U.S. Treasury struggled with the banking crisis, but Bitcoin bulls also overplayed their hand in this week’s options expiry.

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Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report

DIGIT — Sun, 19 Mar 2023 00:46:23 +0000

The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation.

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On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank

DIGIT — Thu, 16 Mar 2023 16:00:20 +0000

Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global banking system. On Wednesday at around 9 p.m. (ET), Credit […]

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Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks

DIGIT — Thu, 16 Feb 2023 09:00:36 +0000

Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged with the market despite its woes. Credit Suisse, Deutsche Bank Invest in Digital Asset […]

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Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements

DIGIT — Fri, 04 Nov 2022 05:30:07 +0000

The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities Adjust Swiss Anti-Money Laundering Rules Concerning Crypto Transfers Following consultations that started earlier this year, the Swiss Financial […]

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Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

DIGIT — Fri, 24 Jun 2022 07:30:56 +0000

Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto Market Governments are still […]

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