openPR Logo
Press release

ECUREX Becomes the First Digital Currency Exchange Platform to Be Fully Compliant with the Swiss Banking Act

06-03-2015 05:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ECUREX GmbH

ZURICH, Switzerland (May 26, 2015) – ECUREX GmbH announced today that it has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act.

After sixteen months of investigation, the Swiss Financial Market Supervisory Authority (FINMA) released on 19 May 2015 an opinion letter according to which ECUREX’s business model is compliant with the Swiss Banking Act.

Commitment to compliance and industry best practice characterises the reputation and credibility of ECUREX, which has also been the first digital currency exchange platform to be compliant with the Swiss Anti-Money Laundering Act since April 2014.

Over the past two years, dozens of digital currency exchanges opened all over the world. Most of the remaining companies today are located in jurisdictions with lax Bitcoin regulatory environments. Regulation in Switzerland is stricter than in other countries, because it considers digital currencies like Bitcoin equivalent to any other foreign currency. This means that the professional operation of Bitcoin trading platforms constitutes financial intermediation with the requirement to comply with both the Banking Act and the Anti-Money Laundering Act. “Switzerland probably has the most challenging regulatory environment for such a business and we are thrilled to be the first with a business model that allows us to operate here.” said Paolo Tasca, CEO of ECUREX. “We think a stable regulatory environment is not only beneficial for us in the long-term, but also for our customers.”

The ECUREX trading system is not yet operating but the team announced that this is the next important milestone. ECUREX’s trading system will ensure the safest online trading experience for professional traders and financial institutions and its first release is scheduled for the second half of 2015.

ECUREX is the Swiss-based digital finance marketplace for professional traders and financial institutions. Incorporated and headquartered in Zurich with representative offices in Frankfurt and London, ECUREX is dedicated to provide a professional, secure and fully compliant access to advanced financial instruments and information services ensuring speed of operations, reliability and convenience.

More information can be found on the ECUREX website: www.ecurex.com

ECUREX GmbH
Rosenbergstrasse 10
8037 Zürich

+41 79 263 77 76
pr@ecurex.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ECUREX Becomes the First Digital Currency Exchange Platform to Be Fully Compliant with the Swiss Banking Act here

News-ID: 310401 • Views:

More Releases for Swiss

Monetum Gains Swiss Regulatory Approval
The Swiss-based Cryptocurrency Exchange Joins Financial Services Standards Association (VQF) [ZUG, SWITZERLAND, 24th FEBRUARY 2021]​ - ​ Zug-headquartered company Fenice Holding SA (Monetum) is now a member of the Swiss Financial Services Standards Association (VQF). VQF itself is the largest cross-industry Self-Regulatory Organization (SRO) with the longest history that meets the standards established by the Swiss Financial Market Supervisory Authority (FINMA). Officially authorised by FINMA, VQF is entrusted to oversee the compliance
SWISS-BELHOTEL INTERNATIONAL NAMES NEW GENERAL MANAGER FOR SWISS-BELHOTEL SEEF B …
BAHRAIN – Swiss-Belhotel International has announced the appointment of Alban Dutemple as the General Manager of Swiss-Belhotel Seef Bahrain. Alban is a seasoned hotelier with over three and a half decades of outstanding experience in the industry with some of the world’s leading hospitality brands. Out of this, his longest stint was with the Accor Group where he spent nearly 19 years serving various hotels in different capacities. Laurent A. Voivenel,
SWISS-BELHOTEL INTERNATIONAL EXPANDS IN GCC SIGNS SWISS-BELINN MUSCAT IN OMAN
OMAN – Continuing its expansion in the GCC, Swiss-Belhotel International (SBI) has entered into a management agreement with Al Salaam International Hotel LLC to operate Swiss-Belinn Muscat in Oman. Expected to open in 2019, the superb 3-star hotel enjoys an outstanding location in Seeb in close proximity to Muscat International Airport. Mr. Nadhim Said Hamdan Al Rawahi, Partner of Al Salaam International Hotel LLC, stated, “We believe with its strong
SWISS-BELHOTEL INTERNATIONAL EXPANDS IN BAHRAIN WITH SIGNING OF SWISS-BELRESIDEN …
Swiss-Belhotel International (SBI) has signed a management agreement with Hassan Lari Property Development & Management to operate Swiss-Belresidences Juffair in Bahrain. This latest announcement is not only testament to the group’s growing footprint in the GCC but also marks the debut of Swiss-Belresidences brand in Bahrain. Mr Mohamed Lari, General Manager of Hassan Lari Property Development & Management, said, “We look forward to working with a reputed partner like Swiss-Belhotel International.
SWISS-BELHOTEL INTERNATIONAL CONTINUES EXPANSION IN EGYPT WITH SIGNING OF SWISS- …
Global hotel management company, Swiss-Belhotel International (SBI), has announced its further expansion in Egypt with the signing of Swiss-Belresort Marseilia Beach 4 on the country’s stunning north coast. The agreement was formalised today at the Arabian Travel Market in Dubai in the presence H.E. Mohamed Yehia Rashed, Minister of Tourism for Egypt. Swiss-Belresort Marseilia Beach 4 is the second property owned by Marseilia Egyptian Gulf Real Estate Investment S.A.E. that
Maetrics launches Swiss seminar series
Maetrics, a global management consulting firm providing life sciences companies with deep quality, compliance, and regulatory solutions has launched a series of training seminars in Basel, Switzerland, as part of its new Seminars and Training Course offering for 2017. The new series of 4 training courses provides added service to client’s continental branches and further cements Maetrics’ position as a global partner. The Risk Management EN ISO14971 course will take place