A recent ruling by Finma, the Swiss financial regulator unexpectedly sparked discontent in the Swiss crypto community, The ruling in the form of an ordinance related to how much crypto currency an entity is allowed to buy without having to go through a KYC procedure. KYC stands for know your customer. It is a procedure intended to identify the real owner of assets and the origin of the assets. The ruling was contested by a small group led by Alex Roussel. He will give us context and explain why he contested it. In general Finma is well respected by the crypto community, but this event reveals how a small group can contest and shape legislation in Switzerland.
Timestamps:
02:07 The context, the ruling
16:09 Reactions and letter to Finma
25:58 Next steps
28:37 Q & A with Alex Poltorak and Mauro Cappielo
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