ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act

ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act

ECUREX GmbH, a Zurich, Switzerland-based digital finance marketplace for traders and financial institutions, has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act. The ECUREX trading system is not yet operating, but the team announced that this is its next objective. The team has scheduled the system's first release. The company reported the Swiss Financial Market Supervisory Authority (FINMA) has released an opinion letter stating that ECUREX's business model is compliant with the Swiss Banking Act. FINMA released the letter following 16....


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ECUREX Becomes First Digital Currency Platform Fully Compliant with Swiss Banking Acts

ECUREX, a digital finance marketplace for professional traders and financial institutions headquartered in Zurich, announced that it has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act. ECUREX has also been the first digital currency exchange platform to be compliant with the Swiss Anti-Money Laundering (AML) Act since April 2014. Switzerland considers digital currencies such as bitcoin equivalent to any other foreign currency. This means that the professional operation of Bitcoin trading platforms constitutes financial intermediation....

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