Swiss financial regulator has informally signaled cryptocurrency investments should have a risk weighting ratio of 800 percent of the original amount. FINMA Highlights Bank, Dealer Queries According to local news media outlet Swissinfo, the Swiss Financial Market Supervisory Authority (FINMA) revealed the figure in October in response to a query by trustee and accountant association EXPERTsuisse. In the letter, dated October 15, FINMA suggested it had come under pressure to provide clarity on the issueRead MoreThe post Swiss Regulator: Crypto Assets Need 800% Risk Weighting In Absence Of Formal Rules appeared first on Bitcoinist.com.
