Regulator provided clear distinction between e-money (formerly stored value) and digital payments tokens. Digital payment token:Expressed as a unitNot denominated as a currency and isn’t pegged to oneIs / will be a medium of exchange, will be accepted as payment for goods and services OR debt serviceIs transferable, storable or tradeable Read more…
My biggest takeaway from reading the Liechtenstein Blockchain (they named it “TT” for “trustworthy technology” – to ensure that the law is technology-neutral) Act draft version is that many of its provisions make a lot of sense. I really liked how a token is defined as a representation of any Read more…
On January 1st, 2019 a new license type will become available to FinTech companies established in Switzerland. This so-called FinTech Authorization was introduced as an amendment to the Swiss Banking Act on June 15th, 2018, and has now come into force. In summary, if the number of clients’ funds accepted Read more…