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, 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....
Swiss-based cryptocurrency exchange platform ECUREX has announced via a press release that it has become the first such bitcoin exchange to be fully compliant with the Swiss Banking Act. The Swiss regulator, Financial Market Supervisory Authority (FINMA) released a letter after conducting an investigation which ran for sixteen months, stating that ECUREX's business model is compliant with the Swiss Banking Act. ECUREX has another prestigious achievement to its name; it is also the first bitcoin exchange compliant with the Swiss Anti-Money Laundering Act since April last year. These are....
Today ECUREX, a digital finance marketplace for professional traders and financial institutions headquartered in Zurich, is publishing a comprehensive 110-page report on digital currencies - an ECUREX Research Working Paper titled "Digital Currencies: Principles, Trends, Opportunities, and Risks." In June, Bitcoin Magazine reported that ECUREX was the first digital currency exchange platform to be fully compliant with the Swiss Banking Act and Anti-Money Laundering (AML) Ordinance. Now, with the permission of ECUREX, Bitcoin Magazine is publishing some excerpts of the new report before....
Despite the growing interest digital currency employers have shown in paying their workers in bitcoin and its alternatives, a new report suggests that the practice may not be legal in Switzerland, one of the global leaders in banking and finance. Entitled 'The Legality of Wage Payment in Bitcoin under Swiss Labour Law', the report was penned by Swiss Socialist Party member Jean Christophe Schwaab, who was notably called upon to draft a study on the dangers of bitcoin last December. Schwaab's report could have broad implications, as it suggests that the payment of any potentially volatile....
The Swiss banking entity has received permission to issue Bitcoin Tracker Certificate with a validity of two years to enable mainstream stock traders to invest in the digital currency. The global Swiss banking and financial institution, Vontobel (SIX : VONN) has introduced a new product for their esteemed customers which enables them to trade bitcoin indirectly. The new product is a financial instrument similar to share certificates linked to the bitcoin value and it is available for regular investors in the stock market. Bitcoin has been a popular alternative tradable financial asset for....