Blockchain-companies in Switzerland will accept deposits

The Swiss financial market supervision authority (FINMA) will grant a fintech-license to companies under section 1b of the banking Act. This license will allow crypto-currency companies to accept deposits of up to 100 million Swiss francs. In order to obtain a license, companies must have the legal form of limited liability companies or companies limited by shares or corporations with unlimited liability, as well as to operate in Switzerland.

In addition, along with the application for a license, you should provide a full description of the activities, disclose information about employees, shareholders, members of the Board of Directors, the category of future customers, etc.

Subsequently, FINMA will oversee the activities of such companies.

On materials of the following website : file:///C:/Users/user9/Downloads/W_BewillligungFintech_20181203_de.pdf