Switzerland’s financial regulator, FINMA, has reportedly recommended that cryptoassets should be “assigned a flat risk weight of 800% to cover market and credit risks.” FINMA also advised local banks and other financial institutions to estimate risk coverage for all digital assets at 800% - “regardless of whether the positions are held in the banking or trading book.” The high risk coverage for cryptoassets indicates that FINMA considers them to be highly volatile, and classifies their trading “at the same level as hedge fund activity.” For Further Information Click on Below Button