From the U.S. to Japan, regulators are beginning to embrace crypto
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.
Čítaj viacpodľa Cointelegraph By Andrew Singer | aug 16, 2023 | 0 |
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.
Čítaj viacpodľa Cointelegraph By David Attlee | aug 8, 2023 | 0 |
FSB starts from the definition of “global stablecoin”, which serves as a means of payment and storage and has the potential for adoption across multiple jurisdictions.
Čítaj viacpodľa Cointelegraph By Gareth Jenkinson | júl 10, 2023 | 0 |
Switzerland continues to drive Bitcoin adoption despite well-developed traditional financial infrastructure.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | júl 4, 2023 | 0 |
Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks.
Čítaj viacpodľa Cointelegraph By Derek Andersen | jún 28, 2023 | 0 |
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.
Čítaj viacpodľa Cointelegraph By Derek Andersen | jún 26, 2023 | 0 |
Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though.
Čítaj viacpodľa Cointelegraph By Helen Partz | apr 5, 2023 | 0 |
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles.
Čítaj viacpodľa Cointelegraph By Veronika Rinecker | mar 27, 2023 | 0 |
Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008.
Čítaj viacpodľa Cointelegraph By Ana Paula Pereira | mar 19, 2023 | 0 |
Swiss authorities agreed to change the country’s regulations to bypass a shareholder vote and announce the deal over the weekend.
Čítaj viacpodľa Cointelegraph By Ana Paula Pereira | mar 19, 2023 | 0 |
A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG.
Čítaj viacpodľa Cointelegraph By Derek Andersen | mar 16, 2023 | 0 |
A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.
Čítaj viacpodľa Cointelegraph By Turner Wright | nov 2, 2022 | 0 |
The Swiss Financial Market Supervisory Authority, or FINMA, has announced it will be extending an anti-money laundering ordinance which requires identity checks for reporting certain crypto transactions.In a Nov. 2 notice, the Switzerland financial regulator said it would enforce a threshold of 1,000 Swiss francs — roughly $997 at the time of publication — for transactions of virtual currencies to cash or “other anonymous means of payment.” According to FINMA, the regulator made the adjustment in accordance with the country’s Anti-Money Laundering Act and its government’s Anti-Money Laundering Ordinance.“FINMA received numerous responses concerning the specification of the threshold for transactions with virtual currencies,” said the regulator. “In view of the risks and recent instances of abuse, FINMA stands by the rule that technical measures are needed to prevent the threshold of CHF 1000 from being exceeded for linked transactions within thirty days.”Teilrevision Geldwäschereiverordnung: #FINMA präzisiert die Berechnung des Schwellenwertes bei Wechselgeschäften mit virtuellen Währungen. https://t.co/LyymQcSFEf pic.twitter.com/dlWkT8i4iQ— Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) November 2, 2022The Swiss financial regulator began enforcing a reporting threshold for unidentified virtual currency transactions from 5,000 to 1,000 CHF in January 2020 in response to “heightened money-laundering risks” in crypto. FINMA will extend the adjusted ordinance and regulations, scheduled to go into effect in January 2023.Related: The state of crypto in Western Europe: Swiss powerhouse and French unicornsSwitzerland’s southern city of Lugano was the host for a crypto-related Plan B conference starting on Oct. 28, in which the local government announced an economic cooperation agreement with El Salvador — the Central American nation will establish a physical government presence in the area, which some have dubbed a ‘Bitcoin embassy’. Cointelegraph reported on how local crypto enthusiasts had been visiting Lugano retail locations to demonstrate use cases for the Lightning Network and crypto assets as payments.
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