Tagged: finma

March 27, 2019 @ 6:23 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has issued a release stating it has found that Envion AG “unlawfully received public deposits on a commercial basis from at least 37,000 investors.” Envion is currently in the process of being liquidated by the Zug bankruptcy authority…. Read More

March 15, 2019 @ 7:49 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published a set of adjustments regarding their policy for their Fintech License and Sandbox structure. In June of 2018, the Swiss parliament introduced a new licensing category for Fintech companies. The following August FINMA launched a consultation… Read More

December 10, 2018 @ 7:49 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has outlined the requirements for anti-money laundering (AML) and firms seeking a Fintech license. Last week, FINMA issued the general guidelines for their Fintech license which is designed to encourage innovation in financial services by providing a streamlined approach… Read More

December 4, 2018 @ 5:40 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published their guidelines pertaining to a new Fintech license. which will be available beginning in 2019. FINMA will be issuing and regulating accepted Fintech companies. The goal of the new licensing structure is to boost Fintech innovation by… Read More

September 6, 2018 @ 2:30 pm By JD Alois  |  

Smart Valor has gained regulatory approval to operate as a financial intermediary in Switzerland from theSwiss Financial Market Supervisory Authority (FINMA). According to multiple reports, Smart Valor will add an investment platform to its current services of operating as an incubator in Zug, Switzerland.  As… Read More

September 6, 2018 @ 2:09 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has recently published a rather brief document on virtual currencies. These virtual currencies are similar to Bitcoin or, perhaps Ethereum, as they are used as a method of payment and transactions. The document states: “Switzerland has no regulations… Read More

August 28, 2018 @ 7:31 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has launched a consultation pertaining to Fintech. Switzerland has pursued innovations in finance as beneficial to their banking centric economy. The alpine nation has become prominent in the crypto or initial coin offering sector as many early stage… Read More

July 21, 2018 @ 2:14 pm By JD Alois  |  

The emergence of cryptocurrency and initial coin offerings has helped to bring Switzerland back into the lime light when it comes to financial services. Once a noted haven for “numbered” bank accounts and strict anonymity rules, the Swiss banking industry has dimmed in recent years… Read More

July 13, 2018 @ 7:37 am By JD Alois  |  

The #MetaHash team has announced that is has successfully been examined by the Swiss Financial Market Supervisory Authority (FINMA) which has officially concluded that the #MetaHashCoin (#MHC) will be recognized as money of general utility with payment functions. This is the first cryptocurrency to be… Read More

July 6, 2018 @ 10:46 am By JD Alois  |  

  SIX, the operator of the Swiss Stock Exchange, has announced the launch of SIX Digital Exchange to trade digital assets. Zurich based SIX is controlled by an association of banks. SIX Group Ltd is an unlisted public limited company owned by around 130 domestic and… Read More

June 18, 2018 @ 10:11 am By JD Alois  |  

Crypto Finance has received regulatory approval from Swiss regulators. The Swiss Financial Market Supervisory Authority (FINMA) has reportedly given its seal of approval for the Crypto Fund AG – the first in Switzerland. The creation of the Fund was announced earlier this year. It is a… Read More

April 3, 2018 @ 7:00 am By Therese Torris  |  

The CryptoSummit 2018 organized by Blockchain startup Smart Valor gathered more than 1,000 attendees from 47 countries in Zurich. One of the recurring themes of the conference presentations was the regulation of Initial Coin Offerings (ICOs). Many participants pointed out that there is now an… Read More

March 22, 2018 @ 12:46 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published a deck on initial coin offerings. FINMA has scheduled a series of roundtable meetings in collaboration with the Swiss Crypto Valley Association. The first Roundtable took place last week in Zug, Switzerland. In February, FINMA issued a… Read More

March 2, 2018 @ 10:57 am By JD Alois  |  

As we reported last month, the Swiss financial regulator, the Financial Market Supervisory Authority (FINMA), published guidelines on initial coin offerings (ICOs). At that time, Mark Branson FINMA CEO explained they were taking a “balanced approach” in helping ICO issuers to navigate the regulatory landscape. Switzerland, more… Read More

February 27, 2018 @ 3:03 pm By JD Alois  |  

Switzerland has become known as a center of excellence for the cryptocurrency industry. In fact, many initial coin offerings (ICO) call Zug, Switzerland home – even if they are not really based there. The Swiss regulators (FINMA) have recognized the emergence of digital currencies as… Read More

February 19, 2018 @ 10:37 am By JD Alois  |  

There has been quite a bit of discussion regarding how to best regulate initial coin offerings while encouraging innovation. While China took an extreme approach by just banning ICOs, most countries recognize ICOs as a new asset class that requires regulation. Some countries, like the… Read More

February 16, 2018 @ 10:31 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published guidelines on initial coin offerings (ICOs). Switzerland, as many people know, is a hot bed of ICOs and cryptocurrency in general. Switzerland has recognized the newfound prominence in this sector of Fintech and has sought to… Read More

October 26, 2017 @ 10:04 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has added a new Fintech partnership arrangement with a deal signed with the Swiss Financial Markets Authority (FINMA). Both regulators have been impressively open to financial innovation so an agreement to cooperate on disruptive finance simply makes sense…. Read More

September 26, 2017 @ 10:03 am By JD Alois  |  

The Financial Market Supervisory Authority (FINMA) shut down E-Coin last week saying the entity had accepted deposits without holding a banking license. Something you should not do in Switzerland. At the same time, FINMA launched bankruptcy proceedings against the individuals involved. FINMA labeled the E-Coins… Read More

November 23, 2016 @ 3:46 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has outlined its strategic goals for 2017 to 2020 and like much of the developed world, the financial regulator is embracing innovation and Fintech disruption. The strategic goals were approved were approved this past week by the Federal… Read More