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Encyclopedia

Swiss Financial Market Supervisory Authority (FINMA)

The Swiss Financial Market Supervisory Authority or ‘FINMA’ is Switzerland’s financial regulatory authority overseeing Switzerland’s financial markets and service providers. It is an independent institution – based in Bern – with power over banks, insurance companies, stock exchanges, securities dealers and collective investment schemes. It is responsible for combating money laundering and, where necessary, conducts

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Trading Platforms

Trading platforms function as marketplaces, bringing together buyers and sellers of virtual currencies by providing them with a platform on which they can offer and bid among themselves. In contrast to exchanges, the trading platforms do not engage in buying and selling themselves. Some trading platforms give their customers the option of locating potential customers

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Transaction Fee

Transaction Fees are earned by miners when a transaction is completed. The minimum transaction fee required is determined by the “size” (kilobytes) of the transaction data. Most small transactions require a fee of about 0.0001 BTC and transactions with larger fees are given priority to be added to the block, so they are usually confirmed

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Ultimate Beneficial Owner: UBO

Who is a company’s Ultimate Beneficial Owner? A UBO or ‘Ultimate Beneficial Owner’ is a natural person or persons with direct control over a registered business entity.  Who is a company’s Ultimate Beneficial Owner? Individuals that possess a minimum capital stake of 25% stake in the legal entity Individuals that possess a minimum voting right

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