Swiss Regulators Probe Crypto Mining Company Envion

The Swiss Financial Market Supervisory Authority (FINMA) has today announced enforcement proceedings against crypto mining firm Envion. The regulators believe that the German-Swiss start-up has been operating in breach of national banking laws.
Legal Proceedings Brought Against Fraudulent German-Swiss Crypto Firm Envion
Although largely welcoming to cryptocurrency businesses, Switzerland’s financial regulators are working hard to ensure that the domestic blockchain space is kept fraud-free