FINMA publishes guidance on the disclosure of cryptobased assets in the annual financial statements of banks and securities firms
Why this matters
This regulatory update from FINMA provides guidance on the disclosure of crypto-based assets in the annual financial statements of banks and securities firms. It is relevant for banks and crypto exchanges as it clarifies existing disclosure requirements in this emerging asset class.
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What the FINMA said
The Swiss Financial Market Supervisory Authority FINMA is today publishing guidance on the disclosure of cryptobased assets in the annual financial statements of banks and securities firms. It is thereby addressing ambiguities that have arisen since the DLT Act entered into force. FINMA emphasises that the existing…
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Context
Swiss Financial Market Supervisory Authority (FINMA) — Switzerland's financial market supervisor. We track 123 updates from them.
Swiss financial services are regulated by FINMA. Browse all Switzerland updates.
This update is classified under Reporting & Disclosure, Prudential / Capital Requirements, Banking & Credit and Crypto & Digital Assets.