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Denied: Bitcoin Suisse AG Application for Bank License Refused by FINMA

Denied: Bitcoin Suisse AG Application for Bank License Refused by FINMA March 17, 2021 @ 8:13 am By JD Alois Bitcoin Suisse AG has been denied by the Swiss Financial Market Supervisory Authority (FINMA) in its application for a banking license.  Bitcoin Suisse submitted an application for a Swiss banking license in July 2019. According to a statement by FINMA, the bank license application was refused due to “indications of weaknesses in the money laundering defence mechanisms.” Bitcoin Suisse AG has reportedly informed FINMA that it is withdrawing the application for a banking license at this time. FINMA said it is therefore terminating the licensing procedure.

M&A Report 2021: Switzerland | International Financial Law Review

March 16 2021 The Swiss M&A market in 2020 suffered in the first six months, particularly during the first Swiss lockdown, where a decline was seen in deal flow and volume due to the impact of COVID-19, with some sectors deal activity down by 50%. The uncertainty caused by the pandemic was particularly reflected in a decrease of approximately 42% in the number of inbound transactions and a 24% reduction in outbound transactions. However, in the second half of 2020, the overall uncertainty in certain markets was overcome and envisaged deals that were put on hold, were reassumed and closed. As M&A activity normally directly correlates to the sector specific economic performance, this catch-up in the second half of 2020 was particularly visible in the technology, media and telecommunications sector (TMT). In total, M&A deal count with Swiss participation saw a decline of only approximately 10% for 2020 compared with a very active M&A market in 2019.

Bitcoin Suisse bank license bid hits regulatory roadblock

Bitcoin Suisse bank license bid hits regulatory roadblock
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

The trouble with bitcoin: Why the crypto craze can t last

The trouble with bitcoin: Why the crypto craze can t last
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

Investegate |Calisen plc Announcements | Calisen plc: Scheme Effective Announcement

Investegate |Calisen plc Announcements | Calisen plc: Scheme Effective Announcement
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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