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With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
This type of licence is increasingly relevant as this region becomes a hub for e-currency operations. To obtain VASP licence in Argentina is essential for operating legally within Argentina’s growing crypto market, offering multiple benefits from regulatory support to potential tax incentives. Advantages of VASP Licence Demands for receiving this type of licence The submission…
The Swiss Financial Market Supervisory Authority (FINMA) is the cornerstone of economic regulation in Switzerland, a country known globally for its robust economic services sector. As an independent establishment, FINMA plays a critical role in maintaining the integrity, stability, and reputation of Switzerland’s economic markets. This article delves into the history, structure, functions, and significance…
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Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
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+1 (888) 647 05 40In the first quarter of 2018, the most popular topic in the world of cryptocurrency was the regulation of ICO.
This happened in Switzerland, where in February FINMA issued its ICO guidelines. This caused a huge resonance both within the country and in the wide association of blockades.
Considering the fact that we are members of the CVA (Crypto Valley Association), we refer to one of our priority activities the introduction of members and the growing blockbuster industry in Switzerland in discussions on regulation and policy issues. And so we can say with confidence that we know the ICO field.
In January, CVA released our Code of Conduct for the ICO. CVA collaborated with FINMA in organizing and holding a series of roundtables in Zug, Geneva and Lugano in order to clarify and consolidate the guidelines for the community. Also, an important goal of such events was to collect feedback.
In addition to this, it is worth noting that the CVA also participates in policy discussions in other ways. The CVA community is a figurant in the Fintech round tables in the Swiss government.
To all other things it is the adherent of the Task Force on Blocking in the Ministry of Finance of Switzerland.
Participation in different forums makes it possible to add our perspectives and ideas, as we are working to negotiate with politicians and maintain regulation that protects consumers and fosters innovation.
For example, we hope that ICO will eventually become a significant and innovative tool for attracting companies’ capital. However, despite this regulation will continue to take a leading role in this development.
In addition to this, it is not just an ICO. We set a goal in CVA, which is based on supporting a stable and prosperous block industry in Switzerland, which creates jobs and promotes economic growth.
However, it is clear that these problems will play a key role in the wider industry. In order to have an idea, you need to study the complex problems associated with how the blockchain technology can be harmonized with the GDPR in Europe.
On this basis, we will continue to participate in the consideration of regulatory and policy issues at all levels and commit ourselves to making every effort to study in the interests of the members of CVA, our growing industry, and users and consumers of this new technology that we are creating.
We encourage all members to maintain communication and consultation and, if possible, join the discussion.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.