“The Swiss Financial Market Supervisory Authority (FINMA) has requested Bitcoin Suisse AG to suspend the launch of the Bitcoin ATM pending clarification of open legal questions.” Bitcoin Suisse AG told their followers on Reddit. Bitcoin Suisse AG is a Swiss digital finance broker as well qs qn upcoming Bitcoin ATM operator.
This cancellation of the planned launch of its newest unit Zurich was on a request of the Swiss Financial Market Supervisory Authority (FINMA). The FINMA had some questions about BTC and how it BTC works. Therefore the FINMA extra-cautious when it comes to Bitcoin because they know next to nothing about digital currency.
Bitcoin Suisse AG remains optimistic about its ability to provide ATM services to the local Crypto community. The company expects to have its units online before the end of June.