Banking

Switzerland introduces the “Innovator License” for Fintechs

On November 30, 2018, the Federal Council (the highest executive authority of Switzerland) published the implementing rules governing the newly introduced Swiss “innovator license.”  The Swiss Parliament has recently enacted

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Banking, FinTech, Innovator License, Switzerland

Flat Risk Weight of 800% – FINMA Clarifies Prudential Consequences of Cryptoassets Trading by Swiss Banks and Securities Dealers

Up to now, the Swiss Financial Market Supervisory Authority (FINMA) has taken no official position on how to consider cryptoassets for the Basel III capital requirements or liquidity ratios for

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Banking, Bitcoin, Cryptocurrency, FINMA, Switzerland

Swiss Financial Market Supervisory Authority Grants Its First Authorization to a Crypto Company

Crypto Fund AG, a subsidiary of Swiss-based Crypto Finance AG, received authorization from the Swiss Financial Markets Supervisory Authority (FINMA) to act as an Asset Manager defined under the Swiss

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Banking, FINMA, Switzerland

Swiss Blockchain-based Businesses Must Consider AML and Licensing Requirements

During 2017, the issue that probably got the most attention for companies raising capital through initial coin offerings (ICOs) was whether tokens constitute securities.  However, governmental agencies and regulators, particularly

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AML, Banking, FINMA, ICO, Switzerland

Swiss Bankers Association Publishes Guidelines Intended to Maintain Switzerland’s Blockchain Friendly Status

Switzerland often ranks among the most friendly and accommodating countries for blockchain-based companies to conduct their initial coin or token

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AML, Banking, ICO, Switzerland

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