Switzerland crypto regulation
One of the best places to register a cryptocurrency exchange or firm is Switzerland. Due of the cheap taxes compared to other cantons in this country, Crypto Valley is a location worth taking into consideration. Switzerland crypto regulation from FINMA is necessary to offer virtual asset-related services. The exchange/company must undertake an enhanced thorough audit of CFT and AML (anti-money laundering) as a necessary condition for receiving it (anti-financial fraud). Regarding AMLA, strict KYC (Know Your Client) procedures must be followed (Anti-Money Laundering Act)Regulators from all around the world are now looking closely at the Bitcoin, which was developed as a spontaneous and unregulated substitute for national currencies. Most nations accept the requirements for operating cryptocurrency markets, but the biggest changes are still to come.