Bitcoin Suisse
Top Articles from Prashant
swiss
News
swiss
News

Swiss Regulatory Body FINMA Rejects Bitcoin Suisse’s Banking License Proposal

The Swiss Financial Market Supervisory Authority (FINMA) has rejected Bitcoin  Suisse AG’s banking license proposal filed by the Zug-based financial intermediary in 2019. The regulatory body in its official note mentioned that the application filed by the Suisse AG lacks several parameters especially its money laundering defense mechanism. The crypto firm later withdrew its application

The Swiss Financial Market Supervisory Authority (FINMA) has rejected Bitcoin  Suisse AG’s banking license proposal filed by the Zug-based financial intermediary in 2019. The regulatory body in its official note mentioned that the application filed by the Suisse AG lacks several parameters especially its money laundering defense mechanism. The crypto firm later withdrew its application