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Swiss Blockchain Startup Will Be Supervised By FINMA-Backed Regulatory Body

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Wed, 5/09/2018 - 19:04
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Swiss Blockchain Startup Will Be Supervised By FINMA-Backed Regulatory Body
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Smart Valor, a Swiss-based Blockchain startup that was founded in 2017, becomes one of the first completely regulated crypto-oriented companies in Switzerland. The company, spearheaded by Olga Feldmeier, is now expected to introduce its online trading platform for cryptocurrencies in Q4 of 2018.

Switzerland has managed to expand beyond its “Crypto Valley” status, becoming a “Crypto Nation,” which is far more accurate description of a country with hundreds of active crypto projects. However, traditional banking institutions would not provide them financial services due to the regulatory uncertainty.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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