It's not new that Countries are enhancing and strengthen their crypto rules all across the world and in Europe in particular, where the 5AMLG, took some business to shut down or move from the European Union to continue their crypto business and protect their clients privacy!

Now, the Swiss Financial Authority want to create strictly rules to comply with the AML (anti money laundering) policy, and for transactions up for $1,000 must know the customer involved with them!

Governments are creating tools, to control and get revenue from the crypto business, and in most cases trying also to intimidate the crypto users and crypto business owners, so that behaviour takes some of this crypto related business to move on to find places where they business are well accepted and protect clients privacy.

Crypto was supposed to be protected by privacy, but  lately more and more Regulations rules are being implement, that in part have their benefits, but rules like the 5MALG are not really Heath to the crypto business running in Europe.

Let's see what the new measures in Swiss will bring new to the crypto space

**Free image from pixabay.com