Tag "FINMA"

FINMA CEO to Step Down and Move to German’s BaFin; Jan Blöchliger Takes over

Mark Branson is stepping down as Chief Executive Officer of the Swiss Financial Market Supervisory Authority FINMA. He will take on the role of President of the Federal Financial Supervisory Authority BaFin in Germany from mid-2021. Mark Branson has worked

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Crypto Firm Bitcoin Suisse Withdraws its Banking License Application

The Swiss Financial Market Supervisory Authority (FINMA) has informed cryptocurrency trading platform Bitcoin Suisse that its banking license application has an “unfavourable prognosis”, deeming it ineligible for approval. Bitcoin Suisse had previously submitted an application for a banking license in

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SEBA Bank to Tokenise Its Series B Equity

SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced that it is issuing its Series B equity to shareholders as security tokens using blockchain. In December, SEBA Bank announced it would tokenise its shares of

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Swiss Crypto Broker Secures FINMA’s Securities House License

Crypto Broker AG which is the Crypto Finance Group‘s brokerage, has been granted a license as a securities house with a bilateral trading facility by the Swiss Financial Market Supervisory Authority (FINMA) Once the license comes into effect, it could

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Federal Council About the Current Status of Stablecoins and Facebook Libra in Switzerland

During its meeting on 16 October 2019, the Swiss Federal Council was informed about the current opportunities and challenges associated with stablecoins. Switzerland will continue to actively monitor discussions on new digital technologies such as blockchain/DLT, etc. The country is

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Facebook Eyes For Licensing in Switzerland As FINMA Unveils Stablecoin Guidelines

The Swiss Financial Market Supervisory Authority FINMA today published a supplement to its ICO guidelines outlining how it treats so-called ‘stable coins’ under Swiss supervisory law. FINMA has seen a steady increase in the number of ‘stable coin’ projects since

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Swiss Regulator Releases Anti-Money Laundering on the Blockchain Guidance

The Swiss Financial Market Supervisory Authority FINMA has published guidance on how it applies Swiss anti-money laundering rules to financial services providers supervised by FINMA in the area of blockchain technology. FINMA has also issued banking licences to two new

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Sygnum Receives Swiss Banking Licence

Sygnum, a digital asset technology group, has received a banking licence from the Swiss Financial Market Supervisory Authority (FINMA). Sygnum provides a seamlessly integrated and secure digital asset banking solution, including institutional-grade custody with a fiat-digital asset gateway featuring Bitcoin,

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SEBA Secures FINMA Banking and Securities Dealer Licence

SEBA Crypto AG informs that it has successfully obtained a banking and securities dealer licence from the Swiss regulator FINMA. This represents a milestone for the entire digital asset market ecosystem, as a new secure and integrated access point to

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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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