Swiss regulators have given their first approval to a cryptocurrency firm after the country’s Financial Market Supervisory Authority allowed Crypto Finance subsidiary Crypto Fund to become an asset manager. The approval means Crypto Fund can run and distribute both domestic and foreign investment funds to investors and provide investment advice. Without official approval Swiss crypto firms are limited in what they can do. Crypto Finance’s other divisions are Crypto Banker and Crypto Storage, all based in Kryptoassets.
Swiss regulators have given their first approval to a cryptocurrency firm after the country’s Financial Market Supervisory Authority allowed Crypto Finance subsidiary Crypto Fund to become an asset manager. The approval means Crypto Fund can run and distribute both domestic and foreign investment funds to investors and provide investment advice. Without official approval Swiss crypto firms are limited in what they can do. Crypto Finance’s other divisions are Crypto Banker and Crypto Storage, all based in Switzerland.