FINMA cited money-laundering defense "weaknesses" as one reason for the license denial.
Banks can tick a box and start trading with us, said CEO Rupertus Rothenhaeuser.
Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.
Crypto Finance AG's $14.5 million funding round will go toward international expansion and courting institutional investors.
The SEC and CFTC have settled charges with XBT Corp. after alleging the company sold unregistered security-based swaps for bitcoin.
"We are not here to make such projects impossible," Mark Branson, CEO of the Swiss Financial Market Supervisory Authority, said of Libra.
FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.
The non-profit set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.
Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements.
These anticipatory steps have been taken in face of a "maturing" regulatory environment, as the firm plans to expand its crypto-related financial services.
Switzerland's finance regulator has found that crypto mining firm Envion's $90 million ICO took deposits from investors unlawfully.
Switzerland's Financial Market Supervisory Authority has introduced a new "relaxed" fintech license that can apply to blockchain and crypto firms.
The Swiss Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets, a report indicates.
Switzerland's financial markets regulator FINMA has issued an asset management license to a crypto investment fund.
A Swiss startup launched by several former UBS bankers has raised $104 million in a bid to establish a regulated crypto-friendly bank.