Swiss VASP in 2026: What a Crypto SRO Company Can Do Today, and What the New Licence Will Change
For years, a Swiss crypto business had one regulatory question: which SRO do I join? That question is changing. The new one is: which…
Category: Insight
Your EMI Is Licensed in Sweden. Your 60 Employees Are in Lisbon. Is That Legal?
Yes. But there is a catch, and it can cost you the licence. Imagine you buy an electronic money institution (EMI) licensed in Sweden,…
Swiss SRO in 2026: The Book I Thought Somebody Had Already Written
Every week, somebody writes to me with the same sentence: “I need a Swiss SRO licence.” Sometimes he is right. Sometimes he needs something…
The Honest Bank Nobody Praised: Dukascopy and the Swiss Franc Shock of 2015
On 15 January 2015 the franc jumped 30% and many brokers chased clients for the debts. One Geneva bank wrote them off. Why nobody…
Stablecoin Payments: Faster, Yes. Simpler, Not Really.
Stablecoins move money in minutes. But in a bank, the blockchain replaces only one step out of twenty. Stablecoins were going to make payments…
How to Invest in a Country in Turmoil: Lessons from Myanmar
A junta, sanctions and a 20 million dollar deal lost overnight. Practical lessons on partners, people, money flows and sanctions when investing in a…
Is There Still a Point in Launching a Stablecoin in 2026?
Yes. But the number of stablecoins already in existence tells you remarkably little about whether yours could become a viable business. The market is…
Puerto Rico IFE Licence in 2026: USD 10 Million Capital, and Who It Still Makes Sense For
For years, Puerto Rico sold a simple story: an international bank on American soil, a 4% tax rate, and a licence for a few…
Comoros Fake Regulators, Gambia Fake Offshore Licences
Every few months, a prospect tells me he can get an offshore bank licence in the Comoros for a third of our fees, in…
Visa or Mastercard Principal Membership, or BIN Sponsorship? How to Issue Cards Without Burning a Year
Every fintech founder wants a card with his logo on it. It is the most visible product in payments, and clients use it every…
