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 blockchain service providers. FINMA recognises the innovative potential of new technologies for the financial industry....Read More

Federal Council initiates consultation on ordinances to Financial Services Act and Financial Institutions Act Bern, 24.10.2018 – During its meeting on 24 October 2018, the Federal Council initiated the consultation on the three ordinances containing the implementing provisions for the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA). The consultation procedure will last until 6 February...Read More

Crypto Fund wins first Swiss crypto asset management licence   The Swiss financial regulator has issued the country’s first cryptocurrency asset management licence, allowing Crypto Fund to offer services to institutional clients in the blockchain-based asset class. The Zug-headquartered company had earlier this year been granted limited freedom to distribute offshore-based cryptocurrency funds by the...Read More

Switzerland, the first authorised FINMA crypto fund is here It is called Crypto Fund and it has been licensed as an asset management tool by the FINMA, the financial market regulator in Switzerland. To date, it is the country’s first duly authorised crypto asset manager, on par with other traditional fund managers in Switzerland. The...Read More

CDB 20: revised code of conduct in the area of the fight against money laundering The SBA has published the revised Agreement on the Swiss banks’ code of conduct with regard to the exercise of due diligence (CDB 20). The now stricter self-regulatory agreement is an important component of the Swiss counter-measures for the fight...Read More