Is your FinTech/Blockchain/DLT business model in scope of the Swiss financial market law?

In our series regarding the Swiss Federal Council report of 14 December 2018 DLT-technologies and Blockchain, our EY-specialists provide you with an overview of the applicability of the current Swiss financial market law on your FinTech-, DLT-, Blockchain-, DAO- business as well as your tokens. Authors: Darko Stefanoski, Orkan Sahin, Loric Szalai

What companies in the FinTech, blockchain and cryptocurrency space need to know about the new Swiss FinTech license

Switzerland’s Financial Market Supervisory Authority (FINMA), annouced new “relaxed” requirements that are applicable to innovative financial companies, such as companies in the blockchain and cryptocurrency space. Authors: Darko Stefanoski, Orkan Sahin

Der Countdown zur Implementierung des FIDLEG/FINIG hat begonnen

ENGLISH VERSION BELOW⇓ Der Bundesrat hat am 24. Oktober 2018 die mit Spannung erwartete Vernehmlassung zu den drei Verordnungen eröffnet, welche die Ausführungsbestimmungen zum Finanzdienstleistungsgesetz (FIDLEG) und Finanzinstitutsgesetz (FINIG) enthalten. Das Vernehmlassungsverfahren dauert bis zum 6. Februar 2019. Autoren: Stephan Geiger, Ricardo Schlatter

Revised FATF Recommendations – Virtual assets and virtual asset service providers are subject to AML regulations

Paris, 19 October 2018 – Given the urgent need for an effective, risk-based response to AML risks associated with virtual asset financial activities, the Financial Action Task Force (FATF) revised its Recommendations on combating money laundering and the financing of terrorisms (AML/CFT). The FATF recognizes that virtual assets and related financial services have the potential … More Revised FATF Recommendations – Virtual assets and virtual asset service providers are subject to AML regulations