Tag: FINMA

Switzerland's Financial Market Supervisory Authority (FINMA) has raised concerns about the growing risks of money laundering linked to cryptocurrencies.  In its 2024 Risk Monitor report, the regulator highlighted how cryptocurrencies are being used for cyberattacks, illegal transactions on the dark web, and to circumvent sanctions amid ongoing geopolitical tensions. Stablecoins ...

The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines to address risks associated with stablecoins for both issuers and banks offering guarantees. These guidelines emphasize the importance of stablecoin issuers verifying the identities of token holders and beneficial owners to mitigate potential risks. FINMA clarified that banks accepting ...