The guidance follows a call for greater regulation from an intergovernmental organization tasked with combating money laundering
Switzerland’s financial regulator issued guidance on the money-laundering risks associated with blockchain technology following a call to action by a global standard-setter this year.
The guidance, released Monday by the Swiss Financial Market Supervisory Authority, also known as Finma, steered blockchain businesses toward compliance with Switzerland’s existing anti-money-laundering and terrorist financing regulatory regimes.
Finma said that while it recognized the potential of the new technology, the anonymity provided by blockchain made it susceptible to an increased risk of money laundering.
https://www.wsj.com/articles/swiss-regulator-promises-scrutiny-of-blockchain-companies-11566943548
Recent Comments