https://zugnotes.com/posts/Recent content in All Posts on Zug NotesHugoenThu, 30 Apr 2026 00:00:00 +0000https://zugnotes.com/posts/sample-finma-guidance/Thu, 30 Apr 2026 00:00:00 +0000https://zugnotes.com/posts/sample-finma-guidance/<p>FINMA released updated guidance on crypto asset custody in April 2026. The circular is technical, dense, and mostly written for compliance officers at licensed institutions — not for individual holders. This is an attempt to translate what actually changed and what it means in practice.</p> <h2 id="what-the-guidance-actually-says">What the Guidance Actually Says</h2> <p>The core shift is in <strong>asset segregation requirements</strong>. Swiss custodians — meaning licensed institutions holding crypto on behalf of clients — must now maintain clearer separation between client assets and their own balance sheet positions.</p>