Swiss Regulators Green Light Crypto Transactions for Local Bank

Cointelegraph

Published May 31, 2020 12:00AM ET

Updated May 31, 2020 01:40AM ET

The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank.

The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector. InCore bank becomes the first Swiss business-to-business bank approved to operate within the crypto sphere.

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