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FINMA Reduces Response Time for Fintech Authorisation Enquiries - Fintech Schweiz Digital Finance News - FintechNewsCH
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FINMA Reduces Response Time for Fintech Authorisation Enquiries - Fintech Schweiz Digital Finance News - FintechNewsCH
The Swiss Financial Market Supervisory Authority (FINMA) has continued to improve the efficiency of its authorisation process for enquiries related to distributed ledger technology (DLT) and blockchain. Each year, FINMA receives approximately 100 such enquiries. Over the past three years, it has reduced the average time required to respond from 141 days to 25 days, representing a reduction of 82%. This improvement has occurred despite the increa…
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