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Switzerland embraces bitcoin & cryptocurrencies amid global crackdown

February 18th, 2018
Categories: Past News

Link: https://www.rt.com/business/419158-switzerland-embraces-bitcoin-cryptocurrencies-ico/

While financial regulators across the world are cracking down on bitcoin, Swiss Financial Market Supervisory Authority (FINMA) has decided to encourage digital currencies by issuing guidelines on initial coin offerings (ICOs).

According to the regulator, Switzerland has recently seen a sharp growth in the number of upcoming ICOs planned to be launched in the country, as well as numerous enquiries about cryptocurrency regulation. In an attempt to encourage the ICO market and blockchain technology, FINMA has clarified how standards around anti-money laundering and securities regulations could be applied to virtual currencies.

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