Tag "FINMA"

Swiss Fintech Licence and Sandbox: Adjustments to FINMA Circulars

The introduction of the new FinTech licence and a revision of the provisions relating to the sandbox necessitate certain technical changes to supervisory practice. The Swiss Financial Market Supervisory Authority FINMA is publishing the relevant revised circulars. The Swiss parliament

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Why Switzerland is Still Second to Singapore as a Global Fintech Hub

The fintech of 2016 is a universe away from the fintech of 2019. That’s just the song for any field encompassing tech these days. Yet, one thing that does not change year-on-year it seems, is Switzerland’s position as a global

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Swiss Regulators Paving the Way for New (And More Relaxed) Fintech Licensing

The introduction of a new fintech licence and a revision of the sandbox requirements means that certain adjustments to the regulations have to be made by the Swiss Financial Market Supervisory Authority FINMA. When it comes to pass, companies with

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FINMA Gives Green Light to Dukascopy Coin- First Swiss Bank ICO

Dukascopy Bank informs that Swiss FINMA has informed them, that there are no further regulatory obstacles to Dukascopy’s own crypto ICO project. The Dukascoin will be the first-ever ICO of a Swiss Bank. The preliminary version of a White Paper

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FINMA Vergibt Erste Bewilligung an ein Crypto-Unternehmen

Die Crypto Fund AG, ein Tochterunternehmen der Crypto Finance AG, ist das erste und bisher einzige Schweizer Crypto-Unternehmen, das die Bewilligung der Eidgenössischen Finanzmarktaufsicht FINMA als Vermögensverwalter nach Kollektivanlagengesetz KAG erhält. Die Crypto Fund AG hat somit innerhalb kürzester Zeit

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Fintech-Bewilligung: FINMA eröffnet Anhörung zur GwV-FINMA

Zur Förderung von Innovation im Finanzmarktbereich hat der Gesetzgeber Mitte Juni 2018 eine neue Bewilligungskategorie geschaffen: die sogenannte Fintech-Bewilligung. Diese neue Kategorie im Bankengesetz kommt künftig bei Instituten zur Anwendung, die Publikumseinlagen im Wert von bis zu 100 Millionen Schweizer

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Finma Merkblatt zu Virtuellen Währungen und Bitcoin

Viele virtuelle Währungen wie beispielsweise „Bitcoin” verwenden als Grundlage die sogenannte Blockchain-Technologie. Wer auf der Blockchain basierende Geschäftsmodelle betreiben will, muss prüfen, ob finanzmarktrechtliche Bewilligungspflichten einzuhalten sind. Geldeinheiten von virtuellen Währungen wie Bitcoin werden in Blockchain-Netzwerken verwaltet. Solche Währungen existieren ausschliesslich virtuell in

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Bitcoin Suisse Celebrates Five-Year Anniversary

Since being founded in August 2013, Bitcoin Suisse has built a comprehensive brokerage and storage offer, facilitated and provided services for some of the world’s largest ICOs and attracted senior financial services executives to the crypto-finance industry. Recently, the company

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Crypto in Switzerland: Early Signs of Exodus?

Does it look like the first sign of exodus for crypto companies in the Confederation? It may not be the exact case although Switzerland may not keep its competitive advantage it used to have for the past few years. Crypto

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Swiss Regulator Takes Action Against ICO Issuer, 100 Mio CHF to be Returned to Investors

The Swiss Financial Market Supervisory Authority FINMA has launched enforcement proceedings against envion AG. FINMA has evidence that the company may have breached financial market law in relation to an ICO. FINMA launched enforcement proceedings against envion AG in July

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