FINMA’s guidance, which builds on an initial note from 2019, sets out a number of requirements to ensure adequate protection. Customers must have their own claim against the guarantee-providing bank, and the guarantee must cover the full amount of deposits and interest. In addition, the bank must ensure that the deposits it receives don’t surpass the cover provided by the guarantee.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The long-term prospects of the XRP price...
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was...
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin and Ether ETFs make it big...
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