Switzerland Embraces Crypto With Fund License for Startup Firm
- Crypto Finance gets same licence as professional fund managers
- Regulator earlier this year issued guidelines on digital coins
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Crypto Finance AG has obtained the same license as professional fund managers from Switzerland’s financial regulator as the country pushes to become a leader in the growing virtual-currency industry.
The Zug-based company is now being recognized as an asset manager of collective investment schemes, meaning it can manage and distribute domestic and foreign funds and provide advice to investors, the company said.