Switzerland to Enforce ID Checks for Crypto-to-Cash Transactions

Shyft Network Nov 7 · 4 min read Despite pressure from resident crypto enthusiasts, Switzerland’s Financial Market Supervisory Authority (FINMA) didn’t budge. It went ahead with its plans to make ID checks mandatory for crypto-to-cash transactions worth over 1000 Swiss Francs a month. Industry proponents and crypto enthusiasts were demanding that the agency increase the … Read more