Auto Added by WPeMatico
Swissquote, a provider of online financial and trading services in Switzerland, has announced that its clients can now participate in initial coin offerings through its platform. The Swiss bank takes care of both the execution and the custody of tokens. In addition, the bank offers the trading of five major cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance […]
The post Online Bank Swissquote Begins Offering Clients Access to ICOs appeared first on Bitcoin News.
Powered by WPeMatico
Emerging Swiss virtual currency fund, Crypto Fund AG, said on Tuesday it had been given an asset management license by the Financial Market Supervisory Authority (Finma). The license allows the company to manage crypto-related investments within Switzerland and to solicit for others elsewhere. Crypto Fund will also be authorized to provide investment advice to corporate […]
The post ‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland appeared first on Bitcoin News.
Powered by WPeMatico
In recent news pertaining to cryptocurrency regulations, industry leaders have urged U.S. lawmakers to provide regulatory clarity or risk a crypto firm exodus, a Greek representative to the European Parliament has advocated for a lightweight cryptocurrency apparatus to avoid stifling innovation across the distributed ledger technologies industries, and the Swiss Financial Market Supervisory Authority has […]
The post Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning appeared first on Bitcoin News.
Powered by WPeMatico
When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective […]
The post More Banks Sanctioned for AML, Fraud-Related Violations appeared first on Bitcoin News.
Powered by WPeMatico
Digital bank Revolut is planning to expand its operations in America and Russia. Also, payment card provider Fuzex signs an agreement with Dash, a US-based startup offers an alternative to Telegram, and crypto firm Smart Valor receives approval as a financial operator in Switzerland. Also read: Robinhood Aiming for IPO, Dodgers to Give Away Crypto […]
The post The Daily: Revolut to Launch in North America, US Startup Presents Telegram Alternative appeared first on Bitcoin News.
Powered by WPeMatico
The Securities and Exchange Board of India has sent officials to Japan, the UK, and Switzerland to study cryptocurrency and initial coin offerings from each of the three countries’ financial regulators. The securities watchdog aims to engage with international regulators and gain a deeper understanding of their crypto mechanisms and systems in order to improve […]
The post Indian Officials Visit Regulators in Japan, UK, Switzerland to Study Crypto appeared first on Bitcoin News.
Powered by WPeMatico
Another Swiss private bank has announced in a statement that it’s open to on-board cryptocurrencies. Maerki Baumann private bank in Zurich is open to accepting assets that were generated with cryptocurrencies, “under the condition that strict regulatory and legal requirements are fully complied with,” Managing Director Stephan Zwahlen told news.Bitcoin.com. Also read: Many Swiss Bankers and Financial […]
The post Swiss Banks Are Onboarding Crypto Clients and Assets appeared first on Bitcoin News.
Powered by WPeMatico
A lot of people in Switzerland have left the traditional financial sector to work in the crypto space, in which the banking nation is now developing a niche market. The Swiss banks don’t show enthusiasm officially, but they massively have interests in dealing with Bitcoin, insiders say. Also read: Switzerland’s Main Stock Exchange Dives Deep Into […]
The post Many Swiss Bankers and Financial Regulators Quit to Join the Crypto Space appeared first on Bitcoin News.
Powered by WPeMatico
Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has announced that it has launched proceedings against initial coin offering (ICO) issuer, Envion AG. Also Read: Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says FINMA Launches Proceeding Against $100 Million ICO A press release published by the Swiss Financial Market Supervisory […]
The post FINMA Launches Proceedings Against $100 Million ICO Envion AG appeared first on Bitcoin News.
Powered by WPeMatico
The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland. The companies’ departures have been attributed to two Swiss banks’ decisions to no longer provide financial services to businesses dealing with virtual currencies. Also Read: India Exchange […]
The post FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms appeared first on Bitcoin News.
Powered by WPeMatico