Switzerland: First cryptocurrency exchange Smart Valor: Custody integration with exchange services

Switzerland: First cryptocurrency exchange Smart Valor: Custody integration with exchange services

Geneva

August 19, 2019

Smart Valor:

On July 30, Smart Valor announced that it was the first virtual currency exchange (blockchain technology) to be launched in Switzerland.

Virtual currency exchange:

Crypto asset exchanges exist in countries around the world, but are currently limited to crypto assets and currency transactions.

Smart Valor is aiming for stock issuance and securitized asset transactions using blockchain technology, and is very advanced worldwide.

Swiss Financial Market Supervisory Authority: FINMA

In March of this year, we have just begun to consider regulations on crypto assets (see the article on April 3, 2019).

FINMA has authorized Smart Valor to perform asset management and brokerage services using blockchain.

However, FINMA has not yet permitted “banking and securities trading”.

Smart Valor will use a Swiss subsidiary (Liechtenstein’s cryptocurrency transaction with permission).

-JETRO

Digital Asset Exchange – SMART VALOR is live! — SMART VALOR