Regulators discuss on crypto account opening with banks

Regulators discuss on crypto account opening with banks

The FINMA discussed with the bankers association and the Swiss National Bank (SNB) in connection with the cryptocurrency ventures and banks. The Swiss Bankers Association (SBA) quoted that the banks prevent dealing in cryptos and ICOs due to the risks associated with it. The SBA is reportedly working on conditions to be adopted while crypto firms open accounts with banks.

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