Switzerland

Swiss Bankers Association Publishes Updated Guidelines on Opening Banks Accounts for Companies with a Nexus to Distributed Ledger Technology

On August 20, 2019, the Swiss Banking Association (“SBA”) released guidelines for member banks (in German with Italian, French and English versions to follow) about opening company accounts for companies

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AML, Banking, Cryptocurrency, KYC, Switzerland

Swiss Financial Market Supervisory Authority FINMA issues guidance on stable coins and comments on planned Libra cryptocurrency

On September 11, 2019, the Swiss Financial Market Supervisory Authority (FINMA) has issued guidance on the regulatory treatment of stable coins. As a supplement to the previously issued ICO Guidelines,

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Libra, Regulation, Stable Coins, Switzerland

Switzerland’s Third Largest Bank Plans to Introduce Crypto-Related Services

The trend of established banks partnering with technology companies to offer digital asset-related services continues in Switzerland.  Around the end of February 2019, Julius Baer, one of Switzerland’s largest and

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Banking, Cryptoassets, Regulation, Switzerland

Blockchain Leadership Summit in Basel

On the 23rd and 24th November 2018, the Blockchain Leadership Summit was held in Basel, Switzerland. The participating leaders represented states (for example, Maltese Prime Minister Joseph Muscat), blockchain businesses,

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EU, ICO, Switzerland

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

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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

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Banking, Bitcoin, Cryptocurrency, FINMA, Switzerland

Launch of First Multi-Crypto ETP at SIX Swiss Exchange

On 22 November 2018, there was a first at SIX Swiss Exchange: Swiss-based startup Amun AG obtained the first license

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Bitcoin, Cryptocurrency, Exchanges, 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)

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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

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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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