Eternity Law International — Crypto licenses for sale — ICO regulation in Switzerland

ICO regulation in Switzerland

Published:
October 9, 2020

The list of loyal states in relation to cryptocurrency and projects related to ICOs is supplemented by Switzerland, which has a fairly good level of legal regulation of the cryptocurrency market.

For the purpose of the study, authorized representatives of the city of Zug have introduced payments within the canton using Bitcoin. But due to the emergence of a large number of innovations in ICOs and technologies in the field of blockchain, the country’s regulatory framework is largely subject to changes and adjustments.

SWITZERLAND CRYPTOCURRENCY LICENSING

As well as around the world, registration of crypto exchanges is related to companies providing financial services. The cryptocurrency exchange will be supervised by the Swiss financial market surveillance service – FINMA, one of the largest regulators in Switzerland.

As a rule, crypto-exchanges can get approval for the implementation of such activities or a banking license. Institutions involved in financial intermediation and having the appropriate status, FINMA permission is not necessary, but they have the opportunity to become a member of a self-regulatory organization.

FEATURES OF A BANKING LICENSE

Obtaining a banking license is supposed to companies or crypto-exchanges, openly offering their services and aimed at receiving financial resources in the form of investments. However, the list of conditions for different institutions may vary.

It is legally established that the amount of the authorized capital cannot fall below 1 million francs, and cryptocurrency licensing takes about 6 months.

The most common requirements are:

  1. Assets are paid out to personal client accounts of institutions;
  2. the main activity of a financial institution is aimed at trading in securities;
  3. the number of depositors is not less than 20, the amount of deposits from 1 million monetary units of Switzerland.

LICENSING FINTECH INSTITUTIONS IN SWITZERLAND

For participants with deposit sizes of less than 1 million francs, from August 2017 in Switzerland it is allowed to carry out actions related to cryptocurrency without an established license, provided that the period of validity of such deposits will be at least 60 calendar days.

This is one of the many weaknesses in ICO regulation. Moreover, active discussions are taking place on the topic of granting FinTech companies permission to accept investments not exceeding 100 million francs.

In the current period, the investment of such deposits and the payment of interest on them is possible only in the case of industrial commercial activities.

Our company provides consultations in the field of obtaining international licenses, tax planning features, corporate law and finance, and also provides comprehensive support services for business related activities in many countries.

You could be interested

Licenses of payment systems

PAYMENT SYSTEM LICENSES. PROCESSING. The issue of payment system licenses is quite relevant today. The processing center is a multifunctional and automated system designed for data processing. It is used by payment services when making payments. However, for this you need to pre-issue licenses for processing cards. What is the reason for the need for...

Licensed company in Belize for sale

Licensed permission: Brokerage license (H) Established: 5+ years. License obtained: 2016. The HQ is located in Belize. Institution for banking account: Asia. There is no availability of MT4 or other systems. Capital required: $ 100K. Status of the company: now the company is not in operation, but is ready to work. The organization has a...

Digital Asset Exchange In The UK For Sale

Available: Digital Asset Exchange in the UK for sale. Main details of the proposal are provided below. UK DAE for sale: details of the transaction The exchange for sale has the following solutions: setup and configuring of the digital asset exchange platform fiat wallet (Euro and British Pound) fiat funding; deposit and withdrawals via UK...

Luxembourg regulated fund for sale

The regulated fund for sale in Luxembourg was created about 2 years ago. Details – regulated fund in Luxembourg for sale: Local bank account; A CC with a good reputation can stay; Ideal for raising and managing private or venture capital funds; The administrator of the fund can stay; Served by a renowned audit firm;...

Licensed commercial bank in the Euro area for sale

The bank in the Euro area for sale has obtained a status of a principal member of SWIFT, MasterCard. In operation for over 28 years. Bank in the Euro area for sale: financials: Total assets – EUR 82,000,000 Profit before taxes – EUR 350,000 Own funds – EUR 37,000,000 Liquidity coverage ratio – over 900%...

Available Financial Licenses for Sale in South Africa, Seychelles, and Mauritius

South Africa FSP License Bank Account: Includes one local bank account. Personnel: Local director and Key Individual (KI) available to stay post-sale. Transfer Timeline: Quick transfer—1 week for CIPC, 3 weeks for FSCA. Mauritius Full Service Dealer License Bank Accounts: Corporate and client accounts at MauBank. Capital Requirement: €24,000 Total Investment: €227,800 (inclusive of setup...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360