The Swiss Financial Market Supervisory Authority (FINMA) has issued guidelines for a new Fintech license which Blockchain/Crypto related companies would be able to apply for starting in 2019. As per the license the above said companies would be able to accept deposits of upto 100 million Swiss francs (CHF). However the companies would have to follow stringent regulatory guidelines to receive the license — Tbe fintech project should submit a compete business plan with details on business activities, digital asset storage methods, AML compliance procedures & risk management techniques. Nevertheless this is heartening news for all the Swiss based setups.

Written by

A devout futurist keeping a keen eye on the latest in Emerging Tech, Global Economy, Space, Science, Cryptocurrencies & more

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store