Prominent financial wallet provider Xapo has been granted conditional approval from the Swiss Financial ##tech Supervisory Authority ( FINMA ) to operate in 2020 . The approval is contingent on several factors , including Xapo 's becoming a member of a self - regulatory organisation . In a blog post , Xapo said : " FINMA has established Switzerland as a hub for fintech companies and ensured Switzerland ’s primacy in global financial services for decades 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."