Swiss Exchange SIX granted approval to launch crypto marketplace
The Switzerland financial authority has today given the green-light for the launch of a digital asset marketplace utilising DLT. The Swiss Financial Market Supervisory Authority, or FINMA, have today announced their approval for regulated Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology.Initially intent on launching in the latter half of 2019, regulatory hurdles slowed the exchange from progressing its ambitions. Although no specific date of launch was announced today, it is expected that after negotiating....
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Switzerland cleared the way for more bitcoin trading and other digital assets by authorizing a new digital stock exchange. Swiss Exchange, SIX Digital Exchange (SDX), now has the approval to launch a digital asset marketplace utilizing DLT. Related Reading | BBVA Switzerland Launches Crypto Wallet and Investment Offerings for Retail Investors The Exchange formally received the […]
Switzerland’s stock exchange SIX has won regulatory approval to launch its long-awaited bourse for digital assets. This authorization enables the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.” SIX Digital Exchange Greenlighted to Launch SIX Digital Exchange (SDX) announced Friday that it has formally obtained two licenses from the Swiss Financial Market Supervisory Authority (FINMA) “to operate a stock exchange and a central securities....
Xapo, a prominent Bitcoin wallet platform and solutions provider successfully obtained a conditional approval from the Swiss Financial Market Supervisory Authority, hereinafter FINMA, this week. The approval of FINMA to financial service providers in Switzerland is equivalent to that of BitLicense to the New York-based Bitcoin exchange. Companies willing to engage in the Swiss financial market are required to be authorized by FINMA in order to provide financial service in the country. While there are many types of authorizations granted by FINMA, the most common set of approval is the....
The Swiss crypto bank, SEBA Bank, was recently granted a license to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. The license allows SEBA to conduct regulated services. SEBA’s Strategy The Swiss-registered digital asset bank, SEBA Bank, has been granted a license that allows it to operate in the UAE’s international financial center, the Abu Dhabi Global Market (ADGM). According to reports, the Financial Service Permission (FSP) license, which was issued by the Financial Services Regulatory Authority (FSRA), became effective on February 7,....
Huobi recently became the latest cryptocurrency exchange platform to be granted provisional approval by the Dubai Virtual Assets Regulatory Authority, a statement from the company has said. The provisional approval allows Huobi to offer virtual asset exchange products and services to “pre-qualified investors and professional financial service providers.”
Spot and OTC Services Are Limited to Pre-Qualified Investors
The Asian cryptocurrency exchange platform, Huobi, has become the latest digital asset services company to receive provisional approval from the Dubai....