Bitcoin Suisse applied for a Swiss banking license

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Juli 18, 2019

Bitcoin Suisse has applied for a Swiss banking license and a securities dealer license from the Swiss Federal financial market Supervisory authority FINMA. Thus, the company wants to expand its product portfolio further.

By Phillip Horch
18. July 2019BTC$10.346,00 7.93%part Facebook Twitter LinkedIn xing mail

As Bitcoin Suisse in a press release, announced that it wants to receive from the Swiss financial market Supervisory authority FINMA has approved a banking license. The company further agrees that it will adapt to changes in the regulatory environment in the Alpine state.

Bitcoin Suisse can look back according to its own information, however, on a successful year. Accordingly, the provider that operates, among other things, with Ethereum co-founder Joseph Lubin together have generated, in the year 2018 a net profit of 25 million Swiss francs (€22.5 million). In the current year, we also extended the offer to a total of 125 crypto-systems, as well as 6,000 pairs.

About Bitcoin Suisse

The company is a regulated Swiss financial intermediary that offers, among other things, the areas of Brokerage, Storage, and loans in connection with crypto-currencies. According to the Bitcoin Suisse is a founding in the year 2013, the oldest regulated crypto-companies in Switzerland.

the company meets regulatory-friendly environment

With their plans meets the crypto-company in Switzerland, allegedly on a benevolent environment. Finally, the two largest Online retailers in the country currency since March 2019, with a whole range of payment options by means of Crypto. In addition, you can purchase already since last year, crypto-currencies to the corresponding ATM. So, have introduced the Swiss Federal Railways (SBB) that you can buy the greatest of all the crypto currencies at selected Ticket vending machines.

Finally, the crypto – tax-haven train known companies in the Blockchain sector welcomes with open arms. In the so-called Crypto Valley many companies from the Bitcoin are based Ecosystem. This includes the Blockchain incubator ConsenSys, the law firm of MME, as well as the Start-up of the crypto valley Labs include.

The government of Switzerland has also established in December of 2017, a Blockchain task force, which deals with the developments around the emerging technology.

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