Swiss Crypto Startups are Promised Full Access to Banking Services

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magic8ball
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Swiss Crypto Startups are Promised Full Access to Banking Services

Wed Jul 04, 2018 7:29 am

Switzerland wants to become a “Crypto Nation,” but there is a problem: blockchain startups are mostly cut-off from traditional banking services as Swiss banks refuse to operate accounts for them, citing strict anti-money laundering rules and other procedures related to managing clients.

However, the situation may change for the better as Swiss policymakers promise that this fast-growing industry will have full access to banking services in the coming month. The Swiss Finance Ministry is working Swiss Bankers Association (SBA) to remove this major obstacle to the growth of the industry, the Financial Times reports.



https://cryptovest.com/news/swiss-crypt ... -services/

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