“Belgian-based crypto market maker Keyrock achieved regulatory clearance from the Swiss Financial Services Standards Association after a thorough inspection confirmed compliance with antimoney laundering requirements. This endorsement, alongside expansion plans and a secured $72 million in funding, indicates Keyrock’s commitment to transparency, regulatory compliance, and the evolution of the crypto landscape.”
Search Results for: FINMA
Navigating Uncharted Territory: A Comparative Analysis of Stablecoin Regulation Worldwide
“Recent news around CoinDesk and the temporary pause of their ‘Money Reimagined’ newsletter highlight the challenges faced by crypto media platforms. In this backdrop, a closer look at the regulatory landscapes shows varying global response to cryptocurrencies, notably stablecoins.”
Bear Markets: A Paradise for Crypto Investment? Story of Zurich-based L1 Digital AG
Zurich-based L1 Digital AG (L1D) has raised $152 million for its second venture capital fund to support crypto startups and early-stage crypto-centric investment firms. L1D co-founder Ray Hindi explains their unique approach – investing most actively during bear markets. Their investments diversify across digital infrastructure, decentralized finance (DeFi), and decentralized science (DeSci).
Swiss Bitcoin ATM Operator Rebellion – Challenging Overbearing Financial Regulations
“Bity, a firm operating 45 Bitcoin ATMs in Switzerland, is challenging the Financial Market Supervisory Authority (FINMA) regulations requiring users to reveal their identity for transactions exceeding 1,000 Swiss francs. Bity started a crowdfunding campaign to assist in legal expenses, rallying supporters with a resolute slogan, “FINMA is fighting crypto! We are fighting back!” They argue against the new know-your-customer (KYC) rules as undemocratic and overbearing.”