News with the tag "Swiss regulations"

Swiss stock exchange SIX is now exploring the digital assets sector thereby setting a base in Europe to trade cryptocurrencies. Thus, the SIX exchange seeks to create a space for itself in the market largely dominated by top market players like Binance, Coinbase, and OKX. Swiss Stock Exchange SIX to...

The Swiss National Bank (SNB) has announced an extension of its digital-franc pilot program by an additional two years. This move shows Switzerland’s commitment to exploring the potential of central bank digital currencies (CBDCs) and their integration into the financial system. The pilot, initially...

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 financial watchdog, the Financial Market Supervisory Authority (FINMA), closed FlowBank and declared it insolvent. This came after FlowBank was found to lack proper capital and was reportedly in deep debt. Deposits of up to 100,000 Swiss francs are guaranteed, but the situation with the cr...

Swiss fintech firm Taurus has received the nod from Switzerland’s Financial Market Supervisory Authority (FINMA), authorizing it to extend its tokenized securities offerings to retail clients. This move ushers in a new era for Taurus, previously catering primarily to institutional and professional c...