FINMA News

Swiss Lawmakers Approve New Measure to Regulate Cryptocurrencies
Swiss Lawmakers Approve New Measure to Regulate Cryptocurrencies
21 March 2019, 09:31
Members of the Federal Assembly of Switzerland voted 99 to 83 votes in favor of a notion to apply existing regulations to the use of cryptocurrencies.
Russian bank Offers Crypto Assets in Switzerland
Russian bank Offers Crypto Assets in Switzerland
07 December 2018, 00:40
Gazprombank (Switzerland) LTD, subsidiary of Russian State-Owned Bank has established a partnership with fintech startup Avaloq and Metaco, crypto-asset custody infrastructure provider (10% owned by Metaco). As Avaloq press-release reports, “The aim of this product innovation is to provide banks and wealth managers with a fully integrated solution for the management of client portfolios across all asset classes including cryptocurrencies”.
FINMA tells banks to weight crypto risk at 800%
FINMA tells banks to weight crypto risk at 800%
05 November 2018, 22:05

Swiss-based banks who are interested in trading cryptocurrencies have been provided with new guidelines by the Swiss Financial Market Supervisory Authority (FINMA).