đ€ Swiss regulatorâs ârelaxedâ fintech license covers blockchain firms
Switzerlandâs Financial Market Supervisory Authority (FINMA) has introduced a new fintech license with ârelaxedâ requirements that is applicable to blockchain and cryptocurrency-based firms. The regulator announced Monday that the new license allows approved âinnovative financial companiesâ to accept public deposits of up to 100 million Swiss francs (or just over $100 million), provided the funds are not invested and no interest is paid on them.
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