Switzerland Approved The First Electronic Money Asset Fund

The Swiss Financial Market Supervisor said on Wednesday that they approved the first fund of the country to invest mainly on e-mail assets (00/1: 07 nambitcoin - electricity The most popular death today. Photo: Reuters The Swiss Financial Market Supervision (Finma) said the electronic money market index fund was limited to eligible investors and classified as "Other funds for these The replacement investment is "with specific risks. Electronic money reserves based on blockchain technology or ledger." To facilitate serious innovation, Finma applies the current regulations of Financial Market Law in a technology consistently, "Finma added, thus ensuring that new technologies are not used to break existing rules. Specific risks, Finma said it was bound to approve specific requirements, including funds that can only invest in assets that have been established with large trading volume

. The investment must also be done through the established partners and platforms based in a member country of the financial action forces and must be N according to the corresponding anti-money laundering regulations, Finma said. AN (according to CNA)

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