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

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Wed, 09/05/2018 - 19:04
Alex Dovbnya
Smart Valor, a Swiss-based Blockchain startup that was founded in 2017, becomes one of the first completely regulated crypto-oriented companies in Switzerland
Cover image via U.Today

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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