Bitcoin Banks Gets Greenlight, But under Stern Regulation

Bitcoin Banks Gets Greenlight, But under Stern Regulation

The SEBA Crypto AG & Sygnum AG are the two entities to have recently obtained banking and securities dealers’ license from the Swiss Financial Market Supervisory Authority (FINMA). Though they are subjected to strict Anti-money laundering (AML) guidelines of Switzerland, it is believed that this will help crypto industry players to work with a bank and perform conventional fiat financial process.

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