Crypto Fund AG Becomes the Only Swiss Crypto Fund Licensed by FINMA

Swiss-based Crypto Fund AG, a subsidiary of Crypto Finance AG, became the first company to get a license from the Swiss Financial Market Supervisory Authority (FINMA). The authorization, which was provided under the Swiss Collective Investment Schemes Act (CISA), offers the same privileges received by professional fund managers operating in Switzerland. The move proves that the country is ready to embrace the cryptocurrency industry.

The company, headquartered in Zug, is considered an asset manager of collective investment schemes. It suggests that Crypto Fund AG can manage domestic and foreign funds and offer investment advisory services.

Jan Brzezek, co-founder and CEO of Crypto Finance AG, commented:

This article appeared first on Cryptovest

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