SEBA Crypto AG and Sygnum AG become the first blockchain companies to receive a banking license from the Swiss regulator. The two firms now have the mandate to offer “services for institutional and professional customers.” Switzerland is gradually becoming a blockchain and cryptocurrency haven in Europe. Its financial regulator Financial Market Supervisory Authority FINMA just released new guidelines for anti-money laundering directed at financial services providers registered with it. The guidance applies to providers within the blockchain technology. However, the most significant news is that fact that FINMA has issued two blockchain forms with banking and securities licenses. The two companies are SEBA Crypto AG currently registered in Zug and Sygnum AG currently registered in Zurich. The two firms now have the mandate to offer “services for institutional and professional customers.” The new anti-money laundering guidance according to the information on FINMA’s website: “Provides information about this technology-neutral application of the regulation to payment transactions on the blockchain. Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers.” Read more: Switzerland discussions fail to clear US skepticism on Facebook’s Libra FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Canada: Q2 GDP in focus this week – NBF FX Street 4 years SEBA Crypto AG and Sygnum AG become the first blockchain companies to receive a banking license from the Swiss regulator. The two firms now have the mandate to offer "services for institutional and professional customers." Switzerland is gradually becoming a blockchain and cryptocurrency haven in Europe. Its financial regulator Financial Market Supervisory Authority FINMA just released new guidelines for anti-money laundering directed at financial services providers registered with it. The guidance applies to providers within the blockchain technology. However, the most significant news is that fact that FINMA has issued two blockchain forms with banking and securities licenses. The two… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
