Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

Crypto New Media

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The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital. According to a secret letter quoted by swissinfo.ch in a story published on November 5, 2018, the regulator has imposed the new rule to protect the […]

The post Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets appeared first on Crypto New Media.

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