The Swiss Financial Market Supervisory Authority (FINMA) has rejected Bitcoin Suisse AG’s banking license proposal filed by the Zug-based financial intermediary in 2019. The regulatory body in its official note mentioned that the application filed by the Suisse AG lacks several parameters especially its money laundering defense mechanism. The crypto firm later withdrew its application The post Swiss Regulatory Body FINMA Rejects Bitcoin Suisse’s Banking License Proposal appeared first on Coingape.