Newslink: Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached

in newslink •  5 years ago 

One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open up the market to institutional investors, albeit under very strict AML regulations.

https://news.bitcoin.com/switzerland-approves-bitcoin-banks-but-with-strict-conditions-attached/?utm_medium=notification&utm_campaign=Push%20Notifications

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