A recent ruling by Finma, the Swiss financial regulator unexpectedly sparked discontent in the Swiss crypto community, The ruling in the form of an ordinance related to how much crypto currency an entity is allowed to buy without having to go through a KYC procedure. KYC stands for know your customer. It is a procedure intended to identify the real owner of assets and the origin of the assets. The ruling was contested by a small group led by Alex Roussel. He will give us context and explain why he contested it. In general  Finma is well respected by the crypto community, but this event reveals how a small group can contest and shape legislation in Switzerland. Timestamps: 02:07 The context, the ruling 16:09 Reactions and letter to Finma 25:58 Next steps 28:37 Q & A with Alex Poltorak and Mauro Cappielo If you want to contribute to the podcast, you can listen to the episode in a lightning enabled podcast player and donate sats. 20 percent of the sats donated will be redistributed to the guest. Download the Fountain app and donate sats alternatively  Download Breeze and donate sats The Rich Somers ReportWant to build wealth through real estate investing? Give this new podcast a listen!Listen on: Apple Podcasts   Spotify Become a subscriber and help support this podcast https://www.buzzsprout.com/2058047/supporters/new subscribe to news letter https://didierborel.substack.com/subscribe? visit website https://www.theswissroadtocrypto.com/ recommend on Twitter @SwissRoadCrypto If you want to contribute to the podcast, you can listen to the episode in a lightning enabled podcast player and donate sats. 20 percent of the sats donated will be redistributed to the guest. Download the Fountain app and donate sats donate sats directly to the podcast - insert this into a Lightning wallet [email protected]