New banking ordinance
1. Entity may accept deposits from the public without any restrictions if the assets are used within 60 days for the execution of the transaction requested by the customer (buying bitcoins);
Offering ad hoc OTC agreement, a prefered point of contact and procedures compliant with the internal rules of the financial institution Bitmax is perfect for companies willing to offer Investment in cryptocurrencies to their clients.
Bitmax is Aware of the necessity for financial institutions to act with a counterpart that is compliant with the financial legislation and is therefore subject to the Swiss Anti-Money Laudering Act , is registered as Model 2 Reporting FFI and compliant with the Automatic Exchange of Information.
Moreover, bitmax is seeking to obtain in the middle term an authorization from the Swiss Financial Supervision Authority FINMA to become the first authorized blockchain based securities stock exchange.
|Automatic exchange of information – admin.chwww.sif.admin.ch
Cross-border tax evasion should be prevented with the help of the new global standard for the automatic exchange of information (AEOI). The standard makes provision …
|Federal Act on Combating Money Laundering and Terrorist …www.admin.ch
Start; Federal law; Classified compilation; Internal laws; 955.0 Federal Act of 10 October 1997 on Combating Money Laundering and Terrorist Financing in the Financial …
|FATCA agreement – Startseitewww.sif.admin.ch
With the enactment of the Foreign Account Tax Compliance Act (FATCA), the United States wishes to ensure that all accounts held abroad by US taxpayers can actually be …