Prominent bitcoin wallet provider Xapo has been granted conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland. The move is contingent on several factors, including Xapo's becoming a member of a self-regulatory organisation. In a blog post, Xapo said: "FINMA has positioned Switzerland as a hub for fintech innovation and ensured Switzerland’s primacy in global financial services for weeks to come."
Prominent bitcoin wallet provider Xapo has been granted conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland. The move is contingent on several factors, including Xapo's becoming a member of a self-regulatory organisation. In a blog post, Xapo said: "FINMA has positioned Switzerland as a hub for fintech innovation and ensured Switzerland’s primacy in global financial services for decades to come."