Swiss Exchange SIX approved the launch of a crypto marketplace

Today, the Swiss financial authority gave the green light for the launch a digital asset market using DLT.
Today, the Swiss Financial Market Supervisory Authority (or FINMA) announced that they have approved the Swiss exchange SIX to launch a digital asset market and central securities depository based on distributed ledger technology. Although no date has been set, it is expected that customers will be able experience the exchange’s offerings soon after they have overcome the challenge. The nation consciously opted against altering its taxation laws in June, outlining its belief that the current infrastructure will sufficiently accommodate the growth of blockchain and DTL technologies.Alongside the UAE and Bermuda, Switzerland has recently become one of the world’s fastest-emerging environments for safe haven funds according to recent data from Tax Justice Network.SIX’s global head of exchanges, Thomas Zeeb shared his views on the approval:”The digitalization of financial markets continues apace, and while the final shape of the market is still evolving, this is an important milestone in providing institutional investors with a safe and robust infrastructure. “Related to: Leonteq, a fintech company, expands its crypto offerings in Europe. SIX stated that it wanted to diversify its offerings to meet the needs of banks, issuers and institutional investors.

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