Switzerland sticks to tougher ID checks for crypto to cash transactions

2022/11/02 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.”
bullishbullishbullish2bearishbearishbearishAyıBeğenPaylaş
Sorumluluk ReddiYukarıdaki içerik HTX'ın tutumunu temsil etmez.HTX herhangi bir alım satım önerisinde bulunmaz.

İlgili Makaleler

  • Image

    Bitcoin Holders Underwater As Supply In Loss Spikes, Reaching Historic Extremes

  • Image

    Bitcoin Forms Descending Pattern That Led To 2018 Bear Market Bottom

  • Image

    Ethereum: Forward Industries dumps 8200 ETH at loss – $1,800 holds IF…

Tüm Yorumlar0En yeniPopüler

En yeniPopüler
noContent

Kayıt yok

İlgili Makaleler

  • Image

    Bitcoin Holders Underwater As Supply In Loss Spikes, Reaching Historic Extremes

  • Image

    Bitcoin Forms Descending Pattern That Led To 2018 Bear Market Bottom

  • Image

    Ethereum: Forward Industries dumps 8200 ETH at loss – $1,800 holds IF…