1) Banks instructed not to open accounts for crypto companies and close existing ones 2) R&D departments of companies told not to collaborate with companies who raised money thru ICO 3) Businesses told to shut down or move from Switzerland 4) Compliance nightmare for businesses, running into huge administrative costs 5) FINMA making life of businesses impossible 6) Non-profit structures are under investigations. 7) Crypto Valley run by Swiss bankers who do not want real innovation. 8) Any token with security features (voting, dividends) is immediately breaching multiple Swiss Securities Laws.
Long story short, stay away from Switzerland. I work closely with several high quality projects out of Switzerland, who are having a very hard time with the Swiss government. Many projects will fail due to regulations and severe compliance problems.
Hmm.. something doesn't quite add up here. Is that curry I smell from OP's direction?
Michael Richardson
Bullshit, I work in Zug (Crypto Valley) and the regulations are very open to attract more blockchain companies. Why would you FUD it?
Alexander Anderson
no, definitely not let the FUD spread
Landon Powell
its all going as expected then the central banks are threatened
Juan Powell
Sounds like bs. Didn't they want to become a crypto nation or something like that?
David Ortiz
Not one single claim is true. Also no capital gain tax on crypto. Go back to your shithole pajeet
Cameron Thomas
pls stop the antifud this was suppose to work
Lucas Johnson
that's why they hate it
Jonathan Sanchez
That's great news! It will push people to doing business outside of government control, which is the point of blockchain anyway - no trusted 3rd party is needed. -big banks and big government are no longer needed to secure your assets and do have trust in business -the huge power that governments weild can be taken by those tech aristocrats who learn and use the tech
Stop bootlicking and start doing with no one's permission but your own
Bancor under criminal investigation for misappropriation of funds. Swissborg under criminal investigation for misleading investors Modum under FINMA investigation for selling unregistered securities Tezos under FINMA investigation for misleading practices Melonport under FINMA investigation and had to pay a lot in administrative costs The list goes on and on
Robert Davis
Haha you are fucking stupid
Only UBS says Bitcoin sux
Logan Diaz
that's why everyone worth their salt is moving to singapore
Gabriel Ortiz
Those are news from 2017 and completely irrelevant at this point. FINMA even published regulations for ICOs this year. Why would they not investigate Tezos which is the biggest scam in crypto history.
