News with the tag "FINMA"

Switzerland is about to drop one of its most highly anticipated reports: the findings from its investigation into Credit Suisse’s shocking collapse in 2023. The report, led by the Parliamentary Investigation Commission (PUK), will get deep into the chain of events that caused the downfall of one of ...

Switzerland’s financial regulator, the Financial Market Supervisory Authority (FINMA), has raised concerns about the risks of using cryptocurrencies for money laundering. The regulator mentioned this in its 2024 Risk Monitor report, noting the growing adoption of crypto, particularly stablecoins, fo...

SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.

As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions.

The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuer...

The Swiss Financial Market Supervisory Authority (FINMA) sees stablecoin issuers as a problem for the country’s banks. Its 2019 guidelines already highlighted concerns about the legal and regulatory aspects of stablecoins. Since then, several projects have launched in Switzerland, making this issue ...

FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits.

Swiss regulator FINMA has published guidance on stablecoin issuers, urging them to verify the identity of all persons holding digital tokens pegged to fiat currencies. The Swiss Financial Market Supervisory Authority has published new guidance addressing the risks and challenges…

FINMA explained that the closure was unavoidable as FlowBank no longer possessed the minimum capital necessary for its business operations. The post FlowBank Shut Down Amid Serious Regulatory Breaches appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance.