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The Swiss bankers Association (SBA) has issued guidelines to banks working with companies in the blockchain industry. According to Reuters, the measure was taken to prevent mass Exodus blockchain startups from the country.

According to the head of the Crypto Valley Association Bussmann Oliver (Oliver Bussmann), in the Swiss “the crypto valley” around Zurich and Zug settled near 530 blockchain-related startups. Companies need access to traditional banking services for the Deposit of funds, payment of wages and implementation of the daily payments. However, banks are afraid to work with blockchain-companies for possible violations of anti-money laundering (AML) and other rules.

“We believe that these recommendations can form the basis for discussions between banks and innovative start-UPS, simplifying the dialogue, and facilitate the opening of accounts,” said SBA strategic Advisor Adrian Shacman (Adrian Schatzmann).

The new guidelines blockchain divided into two groups: those that spend ICO, and those who do not. Accordingly, for each group of start-UPS set out separate inspections which the Association recommends banks when opening accounts of these firms.

Rules intended to help banks to understand what assessment they have to perform, but cryptocurrency companies will be able to learn what information they should provide and what action to take to be eligible to open a Bank account.

“This gives more clarity, not only banks, but also start-UPS,” he said Bussmann.

Recall that in August, the private Bank Maerki Baumann of Zurich announced its readiness to accept the assets associated with cryptocurrencies, it was reported that he became only the second financial institution of the country in this field. With the problems of the banking service encounter of cryptomnesia in many countries, such as India, Chile, Brazil and Poland.

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