FINMA introduces FinTech License regulations

FINMA introduces FinTech License regulations

The Swiss Financial Market Supervisory Authority (FINMA) has come up with regulations on the FinTech license. Reportedly, the blockchain and crypto-related companies seek FinTech license commencing from 2019. The applicants have to provide various details such as fintech project, job description, anti-money laundering policies, and others. The regulation permits the acceptance of $300 million public deposits.

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