In the crypto world, the regulatory motif is quite complicated. Being many of the limitations that are established in almost all countries. For the free development of the economic activity centered in the cryptocurrencies. But in Europe, there is a country whose regulatory framework favors the cryptocurrencies. We refer to Switzerland, in which have been erected institutions, like the bank of digital assets Sheba.
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The regulations in the crypto world
As what we have discussed on several occasions in CriptoTendencia, the regulations are one of the most important issues for cryptocurrencies. Due to the way in which impact positively or negatively to the development of projects based on criptoactivos. In general, the majority of the States, have not been devoted until now to the generation of a specific legislation for the cryptocurrencies. Allowing herself to be the same in a territory grey “alegalidad”. Without the approval or disapproval of the State, but also with his protection. In addition, the state is out of date, most of the laws in the world, generates difficulties for the creation of financial institutions necessary for the crypto economy. As would be the case of banks of digital assets. That can provide the necessary funding to projects related to technology Blockchain. This is not the case of Switzerland. A country that already on other occasions has shown its openness to projects of the crypto world. Being one of the few countries in the world that has already declared that it would permit the launching of a Pound in its territory. And that has also opened the door to the creation of companies such as Seba. A bank of digital assets in full expansion.
A round of fundraising in Switzerland
Sheba would be one of the few banks of digital assets in the world, which has all the required licenses to operate. What that will allow you to carry forward a fund-secondary capital 96.5 million dollars or 100 million swiss francs. Sheba Bank AG would be a company of recent launch. Not having gotten all the permissions to start operations until November of last year. When the Supervisory Authority of the Financial Market in Switzerland (FINMA) approved its output to the financial world. Already in his first fundraiser, Sheba had gotten the amount of 103 million dollars. Completing its process of funding, and foundation in just 18 months. Partnering soon with Hypothekarbank, another bank based in Switzerland. And making plans to expand by 9 other countries, including Italy, Austria, France and the United Kingdom. However, this initial capital seems to habersele been short-Sheba and its expansion projects. What would be the main motivation behind the launch of this new round of funding. Demonstrating well the speed with which events unfold in the crypto world. Making this round of funding, our Data of the Day here in CriptoTendencia. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.