Swiss Financial Market Regulatory Authority issues license to blockchain service providers SEBA Crypto and Sygnum AG

According to Finance Magnates, the Swiss Financial Market Regulatory Authority (FINMA) announced on Monday that it has issued banking and securities dealer licenses to two service providers SEBA Crypto and Sygnum AG, which operate only blockchain businesses, both of which are Professional investor services. At the same time, FINMA issued a guide on the regulatory requirements for blockchain payment for financial service providers, and put forward very strict requirements. The Virtual Asset Service Provider (VASP) guidelines cover blockchain service providers, such as exchanges, wallet providers, and trading platforms, requiring existing anti-money laundering rules to apply to such service providers as well.