{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Bitcoin+investment%3A+Switzerland+steps+up+regulations&text=Cryptocurrency+adoption+continues+to+spread+as+Switzerland+steps+up+its+regulatory+approvals+for+cryptocurrency+investment+tools.&text=Cryptocurrency+adoption+continues+to+spread+across+the+world+as+Switzerland+steps+up+its+regulatory+approvals+for+cryptocurrency+investment+tools.+The+Swiss+Financial+Market+Supervisory+Authority+%28FINMA%29+officially+announced+that+it+has+approved+the+Crypto+Market+Index+Fund+as+the+first+legal+cryptocurrency+fund%2C+according+to+official+Swiss+law.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.finma.ch%2Fen%2Fnews%2F2021%2F09%2F20210929-mm-genehmigung-schweizer-kryptofonds%2F%22%3EAs+per+the+announcement%3C%2Fa%3E%2C+this+is+the+first+time+that+FINMA+has+approved+a+Swiss+fund+that+focuses+primarily+on+crypto-assets+as+investment+assets.+The+law+marks+a+step+in+the+direction+of+greater+regulated+cryptocurrency+adoption+in+Switzerland.+The+Swiss+financial+authority+emphasises+that+the+adoptive+stance+towards+cryptocurrency+comes+in+order+to+direct+a+smooth+transition+to+include+the+innovative+technology+and+harness+digital+assets+in+the+financial+ecosystem.%0A%3Cblockquote%3E%3Cem%3E%22In+order+to+facilitate+serious+innovation%2C+FINMA+applies+the+existing+provisions+of+financial+market+laws+in+a+consistently+technology-neutral+way%2C+i.e.+in+keeping+with+the+%E2%80%9Csame+risks%2C+same+rules%E2%80%9D+principle.%22%3C%2Fem%3E%3C%2Fblockquote%3E%0ASwiss+asset+manager+Crypto+Finance+is+charged+with+launching+the+fund%2C+and+it+will+be+administered+by+PvB+Pernet+von+Ballmoos+AG%2C+local+investment+management+firm%2C+and+SEBA+Bank+AG+will+be+in+charge+of+custodial+services.%0A%3Ch2%3ECryptoassets+in+Switzerland+-+to+be+used+safely+and+securely%3C%2Fh2%3E%0AThe+release+continued+to+highlight+the+importance+of+using+the+technology+in+a+way+that+will+aid+and+not+harm+the+current+financial+legislation+and+markets+in+place.%0A%3Cblockquote%3E%3Cem%3E%22In+doing+so%2C+it+makes+sure+that+new+technologies+are+not+being+used+to+circumvent+the+existing+rules+and+that+the+protective+goals+of+financial+market+legislation+are+preserved.+Since+cryptoassets+involve+particular+risks%2C+FINMA+also+tied+the+approval+to+specific+requirements+in+the+present+case.%22%3C%2Fem%3E%3C%2Fblockquote%3E%0AWhile+this+signifies+overall+adoption%2C+FINMA+has+emphasised+that+this+fund+will+be+limited+to+qualified+investors+who+are+focused+on+primarily+trading+and+investing+in+cryptocurrency+and+digital+assets.+FINMA+has+also+offered+that+this+fund+will+only+be+listing+cryptocurrencies+with+a+large+enough+trading+volume+to+offer+security+and+legal+regulations.+The+fund+will+be+tracking+the+performance+of+the+Crypto+Market+Index+10.+On+this%2C+Crypto+Finance+explained%3A%0A%3Cblockquote%3E%E2%80%9C%3Cem%3EThe+objective+of+the+Crypto+Market+Index+10+is+to+reliably+measure+the+performance+of+the+largest%2C+liquid+crypto+assets+and+tokens+and+to+provide+an+investable+benchmark+for+this+asset+class.%22%3C%2Fem%3E%3C%2Fblockquote%3E%0AIn+order+to+achieve+regulation+and+protect+investors%2C+FINMA+has+noted+that+investors+will+be+required+to+invest+only+through+established+and+legal+counterparties.+This+is+also+o+ensure+that+Anti-Money+Laundering+%28AML%29+regulations+are+upheld+in+cryptocurrency+trading+and+to+avoid+illicit+activity+through+cryptocurrencies.%0A%3Ch2%3ECryptocurrency+trading+in+Switzerland%3C%2Fh2%3E%0AIn+September%2C+Switzerland+nationals+also+cleared+the+path+for+more+digital+trading+in+the+country+authorising+a+new+cryptocurrency+stock+exchange.+The+stock+exchange+SIX+offered+that+the+new+division+-+the+SIX+Digital+Exchange+%28or+SDX%29+will+allow+investors+trade%2C+settle%2C+store+and+sell+cryptocurrency+tokens+through+regulated+institutions.+These+will+be+regulated+to+uphold+the+highest+Swiss+standards+of+oversight.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AFor+years%2C+Switzerland+has+been+seen+as+a+European+hub+for+cryptocurrency+development%2C+products%2C+services+and+markets.+The+region+has+been+hailed+as+a+Crypto+Valley%2C+acting+as+a+hub+for+cryptocurrency+financial+companies+to+reside+and+operate+from.+Startups+in+the+industry+have+been+forming+in+and+moving+to+Switzerland+because+of+the+country%27s+adoptive+stance+on+financial+technological+advancement.+FINMA+aims+to+find+a+strong+balance+of+innovation+in+the+industry+along+with+market+safety+and+protection+and+has+prioritised+working+on+finding+both.","timeout":15}