FINMA SRO

Swiss Digital Currency Trading License

In 2017, the Swiss government formulated a legal framework for Fintech, a financial technology company, including digital currency traders and block chain technicians. The new regulation was passed on July 5, 2017 and came into effect in August. Among the plans already launched, the Swiss government has set up a "sandbox" of digital currency regulation to create a more relaxed environment for Bitcoin start-ups. The plan stipulates that companies with fewer than 1 million Swiss francs ($1 million) will be "exempt from authorization," the Federal Council said. The committee made it clear that the customer funds of these companies would not be included in the national deposit protection regulations.

Advantages of Swiss Digital Currency Licenses

Switzerland's financial policy follows a decentralized, bottom-up approach. For dealers in digital money, Switzerland's regulatory environment is best suited for companies that are driven by bottom-up innovative financial technology and block-chain technology to establish and operate in Switzerland. The advantages of operating the financial industry in Switzerland include:

1. Deep culture, confidentiality and legal certainty of privacy protection;

2. Low taxes and friendly regulatory environment;

3. Friendly and relaxed government business environment;

4. Supporting the economic environment of start-ups and having the world's top service enterprises;

5. According to the report of the World Economic Forum 2016-2017, Switzerland ranks first in the world in terms of global competitiveness and productivity.

6. Perfect infrastructure and world-leading research institutes in education;

7. Forward-looking enterprises and pioneers of the world's digital currency and block chains;

8. Deep fund pool and world-class engineering talents;


Switzerland's financial regulation has its unique advantage of easing

1. Over the past 40 years, Reiss's self-regulatory system in the financial sector has made it one of the best financial centers in the world.

2. Generally speaking, Swiss regulators are in the leading position of global innovation and dare to be the first country to publish the development of golden arts.

3. The Swiss government treats the digital currency with a liberal attitude. The regulation of the digital currency is more to prohibit it from being used for money laundering. Therefore, the digital currency used in the transfer industry is the focus of supervision.


Introduction of Swiss Digital Money Corporation and Licenses

The business scope of Swiss Digital Money Corporation is as follows:

1. Companies can provide digital money transactions, digital money banks, and digital wallets; secondly, they can provide the following other services:

2. Credit transactions (related to consumer loans or mortgages, factoring, commercial financing or financial leasing);

3. Providing services related to payment transactions, making electronic transfers in the name of others, or issuing or managing payment methods, such as credit cards and traveler's cheques;

4. Trading in the name of the customer or in the form of currency, money market instruments, foreign exchange, precious metals, commodities, securities (stocks, stocks, value rights) and derivatives;

5. Asset management;

6. Holding securities or managing securities;

7. Providing investment proposals;

8. Holding or managing securities


Swiss Digital Currency License Registration Rules

Establishment of a Swiss company: the information needed to process the list after preparation.

Opening Swiss public accounts: After registering Swiss companies, companies need to open Swiss bank accounts.

Rental Swiss Office: While handling Swiss bank accounts, you can start to rent Swiss offices.

Employment of Swiss Employees: An important step in applying for a digital currency licence is to hire qualified Swiss employees and immediately recruit them.

Submit application information: After preparing the basic conditions for the establishment of the company, submit all the information for pre-examination to FINMA, Swiss Financial Authority, and be examined by FINMA.