Switzerland (FINMA): Blockchain, banking / securities business license: SEBA crypto, sygnum
Geneva
August 30, 2019
Swiss Financial Market Authority (FINMA):
On August 26, two companies were authorized to provide cryptocurrency (virtual currency) transaction services using blockchain technology.
SEBA crypto (Head office: Zug)
Sygnum (Head office: Zurich)
Announced that it was the first in Switzerland to grant a license for banking and securities trading.
FATF: Latest Guidelines: Cryptographic Assets and Business Operators
Cryptographic assets using blockchain technology can be traded anonymously.
There are concerns that this technology will be used for money laundering and terrorist financing.
FATF presented the latest guidelines for crypto assets and their traders in June.
FATF (Financial Activities Working Group): Multilateral framework for anti-money laundering and terrorist financing
FINMA:
In light of this, we also announced that the scope of transactions will be limited as an additional measure under Swiss regulations.
The two companies that are licensed for banking / securities transactions are required to operate under conditions that guarantee proper development.
Of course, the regulatory policy announced this time will apply.
-JETRO
https://www.jetro.go.jp/biznews/2019/08/14620037bb6762cb.html