Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Switzerland Limits Anonymous Crypto Transactions to CHF1,000

Switzerland Limits Anonymous Crypto Transactions to CHF1,000

Kelly Cromley by Kelly Cromley
Feb 7, 2020
in Market News, News
Reading Time: 1 min read
0

The Swiss Financial market Supervisory Authority (FINMA) has approved an anti-money laundering stipulation.

Highlighting added threat, the ceiling for anonymous cryptocurrency exchange trades has been lowered to CHF 1,000 (~$1,000), from CHF 5,000.

RelatedPosts

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

PREH Launches $100M Fund to Tokenize U.S. Real Estate

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

The stipulation follows the approval of the updated Financial Services Act and Financial Institutions Act, which became effective on January 1.

FINMA unveiled the amended ordinance as reprisal to these acts and will conduct a discussion on carry through regulation up to April 9.

One of the major modifications in the latest stipulation is the standardization of Swiss national norms with the Financial Action Task Force or FATF’s instructions from June 2019.

The global body suggested a peak transaction ceiling of $1,000 for anonymous cryptocurrency exchange functions.

All financial service providers having operations related to cryptos will have to compulsorily obtain information related to anyone carrying out transactions valued at over $1,000.

The data must be periodically filed with the authorities for examination.

The effort is one of the steps taken across the world to implement stringent anti-money laundering regulation.

By enforcing the guideline, FINMA is “acknowledging the heightened money-laundering risks” in cryptocurrency dealings, as per the media release.

The European Union has also enforced its Fifth Anti Money Laundering Directive (5AMLD), which became effective this year.

The latest regulation particularly responds certain types of crypto dealings, specifically necessitating stringent client data reporting.

Previous Post

US Navy to Spend $9.50mln on Blockchain to Ensure Messaging Secrecy

Next Post

Launch of Binance Cloud in 10 days, Details Shrouded

Related Posts

gibo launches usdg.net to boost blockchain payments for creators

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

by Kelly Cromley
May 13, 2025
0

GIBO Holdings Ltd., a key player in Asia’s AI-generated content (AIGC) streaming sector, has introduced a blockchain-based payment engine, USDG.net—also...

preh launches $100m fund to tokenize u.s. real estate

PREH Launches $100M Fund to Tokenize U.S. Real Estate

by Kelly Cromley
May 13, 2025
0

Patel Real Estate Holdings (PREH) has initiated a $100 million fund dedicated to tokenizing real estate assets on the Chintai...

big hair unveils $bga token to bridge beauty and web3

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

by Kelly Cromley
May 13, 2025
0

Big Hair, a well-known name in the beauty industry, has officially stepped into the Web3 arena by launching its native...

sony and bandai namco launch gaudiy to drive ai and web3

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

by Kelly Cromley
May 13, 2025
0

Sony and Bandai Namco have jointly launched a new startup named Gaudiy, with a focus on harnessing emerging technologies such...

bitget and superteamcan boost web3 innovation in toronto

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

by Kelly Cromley
May 13, 2025
0

Bitget has joined forces with SuperteamCAN to invigorate the Web3 development landscape at the ongoing Solana Startup Village in Toronto,...

gate.io unveils alpha to streamline web3 token trading

Gate.io Unveils Alpha to Streamline Web3 Token Trading

by Kelly Cromley
May 13, 2025
0

Gate.io has introduced a significant upgrade to its MemeBox feature, rebranding it as "Alpha" in a strategic move aligned with...

Next Post
Launch of Binance Cloud in 10 days, Details Shrouded

Launch of Binance Cloud in 10 days, Details Shrouded

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

gibo launches usdg.net to boost blockchain payments for creators
Market News

GIBO Launches USDG.net to Boost Blockchain Payments for Creators

by Kelly Cromley
May 13, 2025
preh launches $100m fund to tokenize u.s. real estate
Market News

PREH Launches $100M Fund to Tokenize U.S. Real Estate

by Kelly Cromley
May 13, 2025
big hair unveils $bga token to bridge beauty and web3
Market News

Big Hair Unveils $BGA Token to Bridge Beauty and Web3

by Kelly Cromley
May 13, 2025
sony and bandai namco launch gaudiy to drive ai and web3
Market News

Sony and Bandai Namco Launch Gaudiy to Drive AI and Web3

by Kelly Cromley
May 13, 2025
bitget and superteamcan boost web3 innovation in toronto
Market News

Bitget and SuperteamCAN Boost Web3 Innovation in Toronto

by Kelly Cromley
May 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • VPN Friendly Casinos
    • New Crypto Casinos
    • Offshore Online Casinos
    • Best Crypto Casinos Reddit
    • Bitcoin Poker
    • Bitcoin Betting Sites
    • Bitcoin Bingo

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree