Cryptocurrency license in Switzerland
Even though Switzerland requires cryptocurrency businesses to comply with many regulatory requirements, it is considered to be one of the most crypto-friendly countries. Switzerland also acknowledges the potential of crypto and encourages cryptocurrency projects with different incentives.
- A license for crypto exchange should be obtained from FINMA;
- An exchange has to prove compliance with anti-money laundering practices;
- Keep track of transactions;
- Have a substantial amount of funds;
- And others.