🇨🇠Swiss finance watchdog tells banks to treat crypto trading as high risk
Switzerland's Financial Market Supervisory Authority (FINMA) reportedly released a letter advising banks and securities dealers to assign a "flat risk weight of 800% to cover market and credit risks" against crypto assets. This flat risk weight is on the high end of the range and on the level of hedge funds, according to the report, meaning FINMA considers crypto assets to be volatile.
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