Blockchain Startup Smart Valor Receives Approval to Operate from Switzerland

[kreslik.news]

Switzerland’s financial market supervisor, FINMA, has officially recognized the blockchain startup Smart Valor as a financial intermediary. This designation will allow the decentralized marketplace for tokenized investments to operate without a full-fledged banking license which otherwise will be quite expensive.

The approval depended on several factors, including membership of a self-regulatory organization, called VQF, which is required under Swiss anti-money laundering regulations to begin operations. The company said its review process took several months due to the immature nature of the crypto market and its regulation standards.

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