Crypto Finance AG Gets Switzerland's FINMA License For Crypto Fund Distribution

Crypto Fund AG Acquires the FINMA License

Crypto Finance AG is a company whose main mission is to provide financial technology. The company that was formed in June 2017 announced that Fund AG one of its subsidiary received a FINMA license. The license will give the subsidiary the authority to be an official agent for distributing investment schemes. It will also enable the subsidiary distribute funds to the identified investors.

The FINMA license will make Crypto Fund AG be the first organization in country to hold such an authorization. Apart of Crypto Fund AG, Crypto Finance AG has two other subsidiaries that are the Crypto Storage AG focused on storage and Crypto Broker AG specialized in brokerage.

The Enthusiasm behind the FINMA License

Mathias Maurer, the chief operating officer of Crypto Fund AG stated that all the employees working at the subsidiary bring in many years of experience in the management of assets. Asset management refers to a company that is specialized in close monitoring and maintenance of assets belonging to a group of people. The authorization of the subsidiary through the FINMA license will enable it to disburse assets to all qualified distributors.

The leadership at fund’s subsidiary was enthusiastic about the award of the license as they saw a bright future ahead. This will be the first time when the subsidiary will have contact with the crypto assets. The subsidiary is also part of the VQF which is a regulatory body in Switzerland.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,193FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Binance's BNB Is The Third Crypto To Get A Branded Twitter Emoji As the Exchange Celebrates Turning 3

The largest crypto exchange in the world in terms of trading volume, Binance, becomes the third crypto-based firm to get a branded emoji on...

Bolt Labs to Bring zkChannels, Private Payment Channels, to Tezos Blockchain

Bolt labs will collaborate with the Tezos dev team, Nomadic labs, and Metastate in a bid to integrate their private payment channel zkChannels...

Ethereum Layer 2 Solution, SKALE Network, Launches Its Mainnet Phase One; Staking & Bounties Start in Early Q3

SKALE - an open-source scaling solution backed by Gemini exchange founders Winklevoss brothers for scaling the Ethereum network - has started to roll out...

Pundi X Integrates PayPal into Point-of-Sale Device, XPOS; Users Can Buy & Sell Crypto Seamlessly

Pundi X, a blockchain firm based in Singapore, has integrated its point-of-solution (PoS) device, XPOS, with PayPal, according to a medium post on June...

Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action

NVidia has petitioned the California court to dismiss the class action suit made by its investors. The lawsuit against the firm’s top brass alleges that...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today