FINMA: banks may accept cryptocurrencies risk

2018-11-05T22:24:01+03:005 November 2018|Tags: , |

Swiss Financial Market Supervisory Authority (FINMA) has come up with recommendations for Swiss banks regarding cryptocurrencies risk. The regulator advises to accept this risk and don't defy it. FINMA recommended Risk weighting ratio at 800% calculated against the original sum invested or taken as a deposit in cryptocurrencies. This advice just unfold that Switzerland's authorities [...]