It’s raised almost 20,000 Swiss francs so far toward its 25,000-franc goal.
Bity’s complaint points to what it sees as a regulatory gray area, since FINMA-licensed entities do not include money transfer-type businesses, and it should be up to self-regulatory organizations such as financial standards associationHowever, the soft power of FINMA has seen these SROs automatically including new rules and becoming an echo chamber, without a clear ability to legally challenge these rules, according to Roussel.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: