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finma provides guidelines on "stablecoin"

... the ‘stablecoin’ projects is to minimize the volatility in cryptocurrency’s valuation by fixing the ‘stablecoin’ to currencies, commodities, securities or, real estate. In this connection, the Swiss Financial Market Supervisory Authority (finma) has provided the guidelines bringing to light how ‘stablecoins’ are being handled under the relevant Swiss regulation. The Swiss Authori...

Path: Blog
Switzerland puts a hand over supervising ICOs

... became an important day for **European crypto-community**. **Switzerland** showed itself as a progressive jurisdiction and published guidelines regarding the **ICO regulation**. It was developed by The Swiss Financial Market Supervisory Authority (finma). Many Swiss startups has now decided to announce ICO as acceptable since it is easier than attracting investors as it was 5 - 10 years ago. ...

Path: Blog
Swiss regulator launches proceedings against ICO issuer

**The Swiss Financial Market Supervisory Authority finma has launched enforcement proceedings against envion AG.** After raising over $100 million from investors, envion AG’s ICO became the second major ICO that has sparked controversy in Switzerland. finma stated that **envion AG may have violated financial market law in relation to Initial Coin Offering** (ICO). Therefore, finma launched ...

Path: Blog
New crypto regulation from Switzerland

**finma (Switzerland’s Financial Market Supervisory Authority) has recently announced a new fintech license**, with moderate conditions, that is appropriate to blockchain and cryptocurrency-based companies. On 3rd December, 2018 the regulator stated that the new regulation will grant recognized “innovative financial companies” the ability to accept public deposits of up to 100 million Sw...

Path: Blog
CIM Bank Account Opening

CIM Bank is a leading Swiss Private Bank based in Geneva, Lugano and Wollerau.Account opening: 14-18 working days Overview: CIM Bank works under the authorisation of finma, the Swiss Financial Market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for t...

Path: Banks
CIM Bank Account Opening

CIM Bank is a leading Swiss Private Bank based in Geneva, Lugano and Wollerau.Account opening: 14-18 working days Overview: CIM Bank works under the authorisation of finma, the Swiss Financial Market Supervisory Authority, and is a member of the Swiss Exchange and of the Swiss Bankers Association (SBA). CIM Bank is well known and has been proudly rewarded for t...

Path: Banks
Switzerland Portfolio Management (ARIF Registration)

...Financiers” which acts on behalf of Financial Markets Authority.Overview “Association Romande des Intermédiaires Financiers” (ARIF) – a non-profit organization of a public utility who was recognized in 2009 by Financial Market Authority (finma) for independent asset managers. This self-regulatory organism offers a Certificate of Membership which would allow successful applicant conduct...

Path: Licensing
Switzerland Crypto License

...tself, which allows the entrepreneur to live without risk, without fear that his business will be regarded as illegal tomorrow. Most of the activities related to cryptobusiness are regulated by the Federal Financial Markets Supervisory Authority (finma) through regular publication of guidelines in one or another area of cryptobusiness. Thus, based on the recommendations of finma, almost all ...

Path: Licensing