The cryptocurrency sector is very well developed in Switzerland, a country which ranks as one of the main European destination for this type of investments. A cryptocurrency company can be set up in Switzerland in several financial centers available for this business sector, Zug being the main location which attracts investments in cryptocurrencies.
Zug is also known as the Crypto Valley, a name inspired by the famous Sillicon Valley, located in the United States of America. More importantly, Zug is the home of the Crypto Valley Association, a body which was established with the assistance of local authorities in order to promote cryptocurrency investments and to help investors in setting up a company in this economic activity. Our team of Swiss lawyers can offer in-depth assistance on the main procedures that are applicable to cryptocurrency companies.
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Why register a cryptocurrency company in Switzerland?
It is said that the cryptocurrency investments will develop at a fast pace at the level of the entire country, and not just in specific financial centers of the country. If at the moment, Switzerland is best represented in this sense by the Crypto Valley, in the following years, the local authorities aim at transforming the country into a “crypto nation”.
The Crypto Valley Association is actively involved, through its relation with local financial bodies, in establishing a legal framework for cryptocurrency investments, including for initial coin offerings (ICOs), which are currently used as a means of raising capital. Our team of lawyers in Switzerland can offer in-depth assistance on the regulations available up until now regarding ICO operations.
Swiss ICOs
ICOs are used for funding investments through virtual currencies and blockchain technology, in which the investors receive digital tokens, which offer specific rights. Under the Swiss legislation, ICOs can be seen as securities, as prescribed by the Swiss Financial Market Supervisory Authority (FINMA), but this is not available for all ICO activities.
The specific categories of ICOs that are regulated under the Swiss law have to comply with the legislation on anti-money laundering and the legal framework for securities.
At the level of 2017, investment activities completed through ICOs in Switzerland accounted for $ 550 million.
Businessmen are invited to contact our law firm in Switzerland for consultancy services related to the registration of cryptocurrency company.