Switzerland Shuts Down E-Coin ‘Sham’ Currency as Crypto-Concerns Grow

Swiss financial regulator the Financial Market Supervisory Authority, or FINMA, has shut the providers of a known as “E-Coin,” which the regulator dubbed as “fake.” The was shut down as they did not have the proper bank license. FINMA told Reuters in a statement: This activity is similar to the deposit-taking business [&;]
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