Swiss Regulator FINMA Rejects Bitcoin Suisse Application for a Banking License

By Wayne Jones

FINMA makes an unfavourable prognosis for Bitcoin Suisse AG licensing procedure

FINMA makes an unfavourable prognosis for Bitcoin Suisse AG licensing procedureThe Financial Market Supervisory Authority (FINMA) of Switzerland has rejected Bitcoin Suisse’s application for a banking license. AML Weaknesses Contributed to the Rejection The move is a significant setback for the eight-year-old crypto broker, which is flush with cash, on track for a double-digit million-dollar profit in 2020. Furthermore, it is currently dealing with surging

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