Swiss Trust: The Swiss Trust Company That Does Not Exist
Looking for a Swiss trust or a Swiss trust company? Swiss law has no trust. Here is what exists instead: SRO companies, FINMA licences,…
Category: Swiss FINMA Licences
Stablecoins in Switzerland and the EU: The Complete FintechLex Guide
The complete FintechLex series on stablecoin regulation in Switzerland and the EU, in reading order: rules, licences, economics and traps.
Stablecoins Across the Swiss–EU Border: USDT and USDC Coming In, Swiss Coins Going Out
USDT is leaving EU platforms but stays legal in Switzerland, while a Swiss franc stablecoin cannot simply be sold into the EU. How the…
Why a Swiss Franc Stablecoin Is a Hard Business: The Zero-Rate Problem
Everyone wants the Swiss franc on-chain. The demand is real; the economics are not. With the Swiss National Bank at 0%, the reserve of…
Switzerland vs the EU: Which Swiss Licence Matches Which European Licence?
Switzerland is creating two new licences. Side by side with the EMI, MiCA and stablecoin rules: what matches, what has no equivalent, and what…
Switzerland’s Two New Licences: What Goes to the Payment Licence, What Goes to the Crypto Licence, and What Is Left for the SRO
Two new Swiss licences are coming. What belongs to the payment instrument institution, what belongs to the crypto institution, and what a crypto business…
Stablecoins: When Even a Bank Needs a Separately Licensed Subsidiary
Under Switzerland's draft stablecoin law, a bank could not issue a regulated stablecoin itself. It would need a separately licensed subsidiary. Is that justified?
Stablecoin Licence Switzerland: What the New Payment Instrument Institution Will Allow
Switzerland is creating a licence to issue stablecoins. What a Swiss stablecoin is, who can issue one, the reserve and redemption rules, and where…
Switzerland Is Replacing Its FinTech Licence. Is the New Licence Actually Better?
Moving from a Banking Act licence to a payment instrument institution licence sounds like a downgrade. For holders, customers and buyers, it may be…
Fit and Proper: What FINMA Looks At Before It Licenses You
Every FINMA licence depends on the people behind it. What "irreproachable business conduct" means, who FINMA assesses, and the files that sink applications.
