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What Credit Suisse Lacks In Money Lost On Archegos It Makes Up For In Ominous Requests For Information

Switzerland: Enabling bankruptcy-remote custody of crypto assets

June 01 2021 As the interest of institutional and retail investors in crypto assets such as bitcoin or ether is gaining further momentum, the regulation of virtual asset service providers providing custody services for crypto assets (custodial wallet providers) has become a priority issue for regulators and legislators around the world. While some jurisdictions have put in place bespoke regulatory frameworks for custodial wallet providers, other jurisdictions still struggle to determine the right measures for a risk-based yet innovation-enabling regulation of custodial wallet providers. The Swiss Financial Market Supervisory Authority FINMA, the Swiss watchdog for the financial industry at large, pursues a technology-neutral ‘same risks, same rules’ approach and

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