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Regulations to be eased for financial start-ups

Local News // Nov. 3, 2016
Regulations to be eased for financial start-ups

The government wants to make life easier for financial technology start-ups in Switzerland by easing regulatory hurdles.

The lighter rules would boost crowd funding and remove the need for a full banking license for some niche services.

The Finance ministry will work on a draft consultation paper suggesting changes to the banking laws by the start of next year.

These would allow small companies to offer the latest digital innovations without getting bogged down in the scale of red tape that applies to large banks.

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