SBEX’s plan was approved following its acceptance into the FINMA’s self-regulatory body, the Association Romande des Intermédiaires Financiers. SBEX recently applied for a money transmitter license, and claims to meet all requirements for financial and anti-money laundering auditing.
According to SBEX CEO Alexis Roussel, the FINMA approval is more than just a step forward for his company, it’s also a major step forward for digital currencies in the region. “This acknowledgment from the Swiss regulator FINMA opens fantastic opportunities for crypto-currencies in Switzerland,” he said in the press release. “It creates a stable environment where it is clear what can or can’t be made. The whole team is excited by this news!”
Bitcoin Suisse’s application is still pending, but is also expected to receive FINMA approval in coming weeks.