The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services.
FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.
The non-profit set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.
Facebook's Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said.
Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements.
Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week.
With $3.25 million in new funding, Smart Valor says it's launching the first regulated bitcoin exchange in crypto-friendly Switzerland.
Aximetria, a firm offering a personal finance app for fiat and cryptocurrencies, has been awarded a financial intermediary license in Switzerland.
Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.
These anticipatory steps have been taken in face of a "maturing" regulatory environment, as the firm plans to expand its crypto-related financial…