February 16th 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 - ...
Path: Blog**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...ased markedly since the last year. The idea behind 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 t...
Path: Blog...olutions, or FinCEN realizing that an enforcement action too early would incentivize many U.S. entities to move their businesses offshore in order to avoid regulatory oversight. One of the latest countries to enforce FATF guidance is Switzerland. the swiss financial market supervisory authority pretty quickly implemented Travel Rule and lowered the transaction threshold for unidentified crypto ...
Path: BlogCIM 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: BanksCIM 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