Switzerland’s financial regulator extends reporting requirements for crypto transactions

by Aurelia Butler 2 November 2022, 23:20 189 Views

In a Nov. 2 notice, the Switzerland financial regulator said it would enforce a threshold of 1,000 Swiss francs — roughly $997 at the time of publication — for transactions of virtual currencies to cash or “other anonymous means of payment.” According to FINMA, the regulator made the adjustment in accordance with the country’s Anti-Money Laundering Act and its government’s Anti-Money Laundering Ordinance.

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Source: Cryptocurrency - investing.com

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Switzerland’s financial regulator extends reporting requirements for crypto transactions

Hong Kong central bank raises interest rate after Fed move

Asia shares slip, Fed flags higher rates for longer

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