On August 26th 2019, FINMA issued additional guidelines to clarify Swiss position with respect to AML/KYC requirements as they relate to blockchain-based transactions. As a reminder – this comes as an aftermath following FATF requirement to mandate so called “travel rule” to be applicable for blockchain transactions, which essentially means that 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…
Disclaimer (i wrote this post in summer 2017, and it’s surprising that it is still very much valid 🙂 ) After a few recent conference speeches and meetup appearances, it became clear to me that ICO hype continues; and continues to be surrounded by equally impressive volume of city-legends and Read more…
People often ask me, which regulators or which countries are better if you want to setup Fintech business. I personally think, there is no universal answer, but there are some questions that you would want to consider. For example, if all your customers are in Germany and your team members Read more…