Today i have shared The provision comes following the enactment of the new Financial Services Act and Financial Institutions Act, which came into force on Jan. 1. FINMA introduced the revised ordinance in response to these acts, and will hold a consultation on follow-up regulation until April 9. One of the key changes from the new provision is the normalization of Swiss national regulations with the Financial Action Task Force or FATF’s directives from June 2019. The international body mandated a maximum transaction limit of $1,000 for unidentified cryptocurrency exchange operations. Thanks for reading.
