MIG Investments has become the first of the once-unregulated Swiss FX trading platforms to obtain its banking licence. Switzerland has taken real steps to clean up once-shady retail and ruled on April 1 that companies would require a banking licence. Naturally MIG Bank, as it is now known, is delighted to have been granted its licence, especially as a spokesman for the Swiss Financial Market Supervisory Authority says that he does not anticipate any more grants of approval in the near future.
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