The license will help both the Crypto Finance Group and Crypto Broker AG expand operations.
This achievement has made Crypto Broker AG one of the few firms to get FINMA’s approval.
Per Crypto Finance Group’s CEO, this license will help it introduce more institutions to crypto.
Crypto Broker AG, a Zurich-based crypto brokerage firm, has secured a securities house license from the Swiss Financial Market Supervisory Authority (FINMA). A press release unveiled this news on February 1, noting that the license is an acknowledgement of the firm’s consistent professional approach toward crypto trading, liquidity provision, and financial innovation. The license will reportedly let the firm expand its scope of business seamlessly.
Crypto Broker AG, which is the
Crypto Finance Group‘s brokerage, has reportedly been issued a license to serve as a securities house along with a bilateral trading facility by the
Swiss Financial Market Supervisory Authority (FINMA).
After this license has gone into effect or become valid, it may potentially bring in new business clients as the possibility to trade security tokens could support continued growth for financial service clients (who may have specific products and comprehensive core banking solutions).
This license aims to serve a means to establish trust in Crypto Broker AG as one of the leading cryptocurrency brokers, which intends to adhere to the licensing requirements that securities companies in the regulated financial markets are expected to fulfill.
EQS-Adhoc: Decision FINMA direktbroker.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from direktbroker.de Daily Mail and Mail on Sunday newspapers.
NetCents Technology Inc.: NetCents Technology s CEO Issues Letter to Shareholders
NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) (
NetCents or the
Company ), a cryptocurrency payments company, is pleased to issue a letter to shareholders from CEO, Clayton Moore.
Dear Fellow Shareholders,
As I write you this letter - a letter from lockdown - 2020 was an exceptional year in exceptional times. It was an incredibly difficult year with extraordinary upheaval globally, new restrictions that none of us have ever had to live with before, and great uncertainty. We re enormously grateful that in these uniquely challenging times, we ve been able to not only survive, but enter 2021 thriving and have the Company in a stronger position for growth than at any point in our history.
Switzerland: Swiss Legislative Package on DLT
On 25 September 2020, the Parliament adopted the Federal Act on the Adaptation of Federal Law to Developments in the Technology of Distributed Electronic Registers. With this law, various federal laws are selectively adapted, enabling Switzerland to continue to distinguish itself as a leading, innovative and sustainable location for projects in the field of blockchain or distributed ledger technology (DLT). The associated ordinance is currently in the consultation phase until 2 February 2021.
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In brief
On 25 September 2020, the Parliament adopted the “Federal Act on the Adaptation of Federal Law to Developments in the Technology of Distributed Electronic Registers.” With this law, various federal laws are selectively adapted, enabling Switzerland to continue to distinguish itself as a leading, innovative and sustainable location for projects in the field of blockchain or distributed ledger technology (DLT). The associated ord