Upbots token approved by FINMA

Upbots GmbH has received a no-action letter from FINMA, the Swiss Financial Market Supversoriy Authority, recognizing that the UBX token is a payment token under the proposed structure outlined in the letter and is not a security token.

This means that UBXt is recognized by Finma as a way of payment and that its structure is also validated.
This is a very good point for the future of Upbots and for the total regulation we are aiming for.
Indeed, UpBots has the ambition to become a fully regulated platform in order to offer a totally transparent service that is governed by regulations.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>