Loïc Staub

🚨 Big News in Swiss Crypto Regulation: FINMA's New Guidelines on Stablecoins 🚨 FINMA has introduced significant regulatory changes that could reshape the Swiss crypto industry, especially impacting stablecoins. Here’s a rundown of what these changes mean for the sector: 🔍 Key Changes: • Mandatory Licensing: Stablecoin issuers must now obtain a banking license or secure a bank guarantee. This requirement raises the entry barrier for new projects and could hinder smaller start-ups from launching stablecoins. • Transparency Over Anonymity: New rules mandate the identification of every stablecoin holder, challenging the decentralized finance (DeFi) principle of anonymity. This shift aims to increase transparency but might also push the industry towards a more centralized model. 💡 Potential Impact: 1. Innovation Challenges: The new licensing requirements make it tough for start-ups to enter the market without substantial financial resources. This could lead to fewer innovative projects emerging from Switzerland. 2. Shift Towards Centralization: By enforcing identification and guarantees, these rules could move DeFi projects into a more regulated and centralized framework, affecting the industry's core decentralized nature. 3. Migration of Innovators: Stricter regulations might drive Swiss crypto innovators and start-ups to relocate to more crypto-friendly jurisdictions like Abu Dhabi, Dubai, or Singapore, which are rapidly becoming new hubs for digital assets companies. 🚀 Looking Ahead: Switzerland's regulatory environment is evolving. While these new rules aim to enhance security and transparency, they also raise questions about the future of innovation and decentralization in the Swiss crypto space. How will the industry adapt, and what will this mean for global crypto dynamics? At Legalaes, we're here to help you navigate these regulatory changes. Our team offers expert guidance to ensure your business stays compliant and successful in Switzerland's dynamic crypto landscape. 💚 📄 We’ve also prepared a detailed document for you to review the new regulations in depth. Feel free to check it out in the carousel below. #CryptoRegulations #FINMA #CryptoNews #Stablecoins #DeFi #Legalaes

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Sygnum expands its presence in Europe and Asia: a new step towards global expansion in the crypto industry Swiss digital asset banking group Sygnum has taken an important step towards strengthening its position in the European market by obtaining a license from Liechtenstein's financial regulator (FMA). This status allows the company to offer regulated cryptocurrency services across the European Economic Area (EEA), which includes areas such as brokerage, digital asset custody and B2B banking. The move is particularly important in the context of the impending implementation of the new MiCA regulatory framework, which harmonizes rules on digital assets across the EU and EEA. MiCA is expected to come into force by 2025 and Sygnum, using its Liechtenstein license, will be able to serve clients in all 30 markets falling under this regulatory framework. In addition to its European operations, Sygnum is also actively developing its services in Asia. The company plans to expand its operations in Hong Kong and strengthen its position through its platform in Singapore. This strategic approach allows Sygnum to strengthen its global presence by building a strong position in both Europe and Asia

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Zurich Cantonal Bank (ZKB) Expands into Crypto, Solidifying Switzerland's Crypto Hub Status Zürcher Kantonalbank (ZKB), one of Switzerland's largest banks, has launched cryptocurrency trading and custody services for Bitcoin (BTC) and Ether (ETH). Announced on 4th September, the service allows customers to trade crypto 24/7 via ZKB’s eBanking and Mobile Banking platforms, with holdings integrated into their portfolio view. ZKB, which manages assets worth $235 billion, will store customers' private keys, eliminating the need for them to manage their own wallets. ZKB has been exploring digital assets for years, participating in the world’s first digital bond issuance on the SIX Digital Exchange in 2021. This move reinforces Switzerland's position as a leading global hub for crypto innovation and adoption. #cryptonews #cryptocompliance #swissbanking #therevolutionneedsvisionaries

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