Exchanges / Trading

Direct exchange of cryptocurrency for fiat or other cryptocurrency is subject to AMLA (Supervision and AML) For spot transactions, duty to identify clients from CHF 5,000 in currency trading Exchanges must take appropriate measures to ensure the client is the owner of the wallet Banking/FinTech license is generally not required, unless currency from clients is … Continued

Exhanges and trading platforms for cryptocurrencies may be considered a financial service provider. Resulting duties include, for instance, duty to provide information to clients as well as prospectus and licensing requirements according to the Financial Services Act. Execution-only exemption: If client orders are only executed or forwarded (no advisory or similar services provided), the financial … Continued