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The Swiss Ministry of Finance and the Swiss Bankers Association want to remove barriers to the growth of the cryptography industry. (Photo: dpa)
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Swiss crypto start-ups benefit from full access to banking services
Switzerland wants to become a "crypto-nation", but there is a problem : start-ups are for the most part traditional Banking services are cut off as Swiss banks refuse to manage their accounts, invoking strict rules against money laundering and other management approaches.
However, the situation could prove to be better The Swiss Ministry of Finance is working with the Swiss Bankers Association (SBA) to remove this major obstacle to the growth of the sector.
"I can understand that banks are careful to" know their customers "and to launder money. But experts assume that the risk of money laundering is lower than in other sectors of the financial industry, says Heinz Tännler, financial director of the canton of Zug
"Companies operating in the blockchain sector should provide banking services like any other business. to receive. In this way, they are prevented from choosing other homes – in countries where access is easier, as in Liechtenstein.
More news
Bermuda modifies banking law for start-ups
- The change in the country's banking law follows the recent adoption of a new law. a law on digital asset companies and a law on initial offerings of coins.
- David Burt, prime minister and finance minister The new bill, after learning that local banks are not willing to offer financial services to fintech and blockchain companies because of regulation and refusal to take new risks.
- Burt recently signed a letter of intent, Bance, under which the Binance Foundation has landed up to 10 Bermuda Blockchain will provide millions of dollars in blockchain training and compliance training for universities and will invest up to $ 5 million
The Regulatory Authority Thailand puts rules for digital tokens
- Announced Wednesday that the rules on digital tokens will come into effect on July 16.
- Digital Brand Issuers to be a Registered Company Under Thai Law and Available to Institutional Investors, Very Rich Investors, Venture Capital Investors and Investors According to SEC Declaration, [19659012] issuers of such tokens can accept baht or cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Classic Ethereum, Litecoin, Ripple and Stellar, says the SEC.
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