According to FINMA, the regulator made the adjustment in accordance with the country's Anti-Money Laundering Law and his government's Anti-Money Laundering Ordinance.
The Swiss Financial Markets Supervisory Authority, or FINMA, has announced that it will expand an anti-money laundering ordinance requiring proof of identity to report certain cryptocurrency transactions.
South African Grocery Giant Pick n Pay Aims to Accept Bitcoin at All Stores in the Country
FINMA received numerous responses on the specification of the threshold for virtual currency transactions, the regulator said. In view of the risks and recent cases of abuse, FINMA maintains the rule that technical measures are necessary to prevent the CHF1,000 threshold for linked transactions from being breached within thirty days.
Swiss Requirements
Requirements Cryptocurrency
Cryptocurrency Financial
Loading
Comments