FINMA, the Swiss financial market regulator, granted the first digital asset services licenses to two new banks, SEBA and Sygnum. At the same time, FINMA has issued rules on how banks apply money laundering regulations in areas where anonymity poses higher risks, wrote swissinfo.ch.

Bitcoin logo Photo: Dado Ruvic, Reuters The rules limit transfers of digital coins to customers the bank knows. Institutes under FINMA supervision cannot therefore receive coins from customers of other institutions or send them digital means. This procedure applies if the sender and receiver information cannot be reliably transmitted in the respective payment system.

Over the past few years, the Swiss Financial Center has been preparing to provide a blockchain-based infrastructure for trading new digital assets. It is a kind of decentralized database that keeps a growing number of records protected against unauthorized interference. The new platform is planned to be launched next year by the Swiss stock exchange operator SIX.

Bitcoin Suisse, Crypto Finance and Lykke also applied for FINMA's "digital" license.

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