The Swiss Financial Market Supervisory Authority (FINMA) aims to pass new rules affecting transactions in cryptocurrencies. The new Financial Services Act FinSA and Financial Institutions Act FinIA came into force on January 1, 2020, along with the implementing ordinances – Financial Services Ordinance (FinSO), Financial Institutions Ordinance (FinIO) and Supervisory Organisations Ordinance (SOO) – passed by the Federal Council. These laws oblige FINMA to pass a number of implementing provisions pertaining to selected, mainly technical issues. As a result, FINMA has created a new Financial Institutions Ordinance ... (full story)