The Swiss Financial Market Supervisory Authority (FINMA) has ordered the liquidation of crypto bank FlowBank SA. The bank, which was founded in 2020, had received a banking license from FINMA in 2021. However, FINMA has now revoked its license due to serious breaches of regulatory requirements, including money laundering rules.The closure of FlowBank SA highlights the challenges faced by financial institutions operating in the cryptocurrency space, where regulatory compliance is a key concern. This development underscores the importance of adhering to strict regulatory standards to ensure the integrity of the financial system.
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BCH
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GRAM
$1.32
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Mkt Cap $2.28T
BTC Dom 56.63 %
BTC
$64,212.00
▼ -0.40%
ETH
$1,895.21
▲ +0.00%
USDT
$0.999211
▲ +0.00%
BNB
$591.60
▲ +0.00%
USDC
$0.999627
▲ +0.00%
XRP
$1.02
▼ -2.30%
SOL
$72.48
▼ -1.20%
TRX
$0.327578
▼ -0.10%
FIGR_HELOC
$1.04
▲ +0.20%
HYPE
$55.63
▼ -0.90%
DOGE
$0.068922
▼ -0.80%
USDS
$0.999906
▲ +0.00%
RAIN
$0.012558
▼ -0.10%
LEO
$9.76
▲ +0.00%
ZEC
$504.03
▼ -0.70%
ADA
$0.198912
▲ +5.10%
XMR
$368.11
▲ +1.20%
WBT
$55.60
▼ -0.40%
LINK
$8.11
▲ +0.50%
XLM
$0.159843
▼ -1.10%
DAI
$0.999909
▲ +0.00%
BCH
$212.88
▲ +0.20%
USD1
$0.99961
▲ +0.00%
USDE
$0.999523
▲ +0.00%
GRAM
$1.32
▼ -5.50%
BTC
$64,212.00
▼ -0.40%
ETH
$1,895.21
▲ +0.00%
USDT
$0.999211
▲ +0.00%
BNB
$591.60
▲ +0.00%
USDC
$0.999627
▲ +0.00%
XRP
$1.02
▼ -2.30%
SOL
$72.48
▼ -1.20%
TRX
$0.327578
▼ -0.10%
FIGR_HELOC
$1.04
▲ +0.20%
HYPE
$55.63
▼ -0.90%
DOGE
$0.068922
▼ -0.80%
USDS
$0.999906
▲ +0.00%
RAIN
$0.012558
▼ -0.10%
LEO
$9.76
▲ +0.00%
ZEC
$504.03
▼ -0.70%
ADA
$0.198912
▲ +5.10%
XMR
$368.11
▲ +1.20%
WBT
$55.60
▼ -0.40%
LINK
$8.11
▲ +0.50%
XLM
$0.159843
▼ -1.10%
DAI
$0.999909
▲ +0.00%
BCH
$212.88
▲ +0.20%
USD1
$0.99961
▲ +0.00%
USDE
$0.999523
▲ +0.00%
GRAM
$1.32
▼ -5.50%
Mkt Cap $2.28T
BTC Dom 56.63 %
BTC
$64,212.00
▼ -0.40%
ETH
$1,895.21
▲ +0.00%
USDT
$0.999211
▲ +0.00%
BNB
$591.60
▲ +0.00%
USDC
$0.999627
▲ +0.00%
XRP
$1.02
▼ -2.30%
SOL
$72.48
▼ -1.20%
TRX
$0.327578
▼ -0.10%
FIGR_HELOC
$1.04
▲ +0.20%
HYPE
$55.63
▼ -0.90%
DOGE
$0.068922
▼ -0.80%
USDS
$0.999906
▲ +0.00%
RAIN
$0.012558
▼ -0.10%
LEO
$9.76
▲ +0.00%
ZEC
$504.03
▼ -0.70%
ADA
$0.198912
▲ +5.10%
XMR
$368.11
▲ +1.20%
WBT
$55.60
▼ -0.40%
LINK
$8.11
▲ +0.50%
XLM
$0.159843
▼ -1.10%
DAI
$0.999909
▲ +0.00%
BCH
$212.88
▲ +0.20%
USD1
$0.99961
▲ +0.00%
USDE
$0.999523
▲ +0.00%
GRAM
$1.32
▼ -5.50%
