Switzerland sticks to tougher ID checks for crypto to cash transactions

11/02 12:50

According to CoinDesk, the Swiss financial regulator is extending money-laundering checks for crypto transactions despite significant pushback from the country’s users. A threshold of 1,000 Swiss francs ($1,000) over which customers will have to prove their identity will now apply to all linked transactions over a month, when crypto is swapped for cash or another anonymous form of money. “Virtual currencies are often used as a payment instrument for illicit trade, notably in drug trafficking, on the darknet, or for the payment of ransoms after cyberattacks,” a report issued by the Financial Market Supervisory Authority (Finma) said. “The risk of money laundering in the domain of virtual currency is reinforced by potential anonymity and by the speed and cross-border nature of transactions.”
bullishbullishbullish2bearishbearishbearishМедвежийЛайкПоделиться
Заявление об освобождении от ответственностиМатериалы выше не представляют собой позицию HTX.HTX не дает никаких торговых рекомендаций.

Статьи по теме

  • Image

    Bitcoin Network Utilization At All-Time Low — What This Means For The Bear Phase

  • Image

    Why $12T Charles Schwab’s Bitcoin, Ethereum bet signals next phase of crypto adoption!

  • Image

    Metaplanet eyes ‘100K Bitcoin’ goal as it becomes the third-largest BTC holder globally

Все комментарии0НовыеВ тренде

avatar
НовыеВ тренде

Статьи по теме

  • Image

    Bitcoin Network Utilization At All-Time Low — What This Means For The Bear Phase

  • Image

    Why $12T Charles Schwab’s Bitcoin, Ethereum bet signals next phase of crypto adoption!

  • Image

    Metaplanet eyes ‘100K Bitcoin’ goal as it becomes the third-largest BTC holder globally