Switzerland has joined the likes of Malta and Gibraltar to become the third country in the world to introduce security token regulations. As reported by Blueshare, on May 23, 2019, the laws are stringent, but they offer clarity on the issuance process.
Cashing in on the Security Token Storm
Switzerland is known for its robust and open banking system that allows for maximum efficiency despite strict regulation and monitoring. The global hub for cryptocurrencies, Zug Valley, is located 35 kilometers outside Zurich and has continued to attract blockchain and cryptography talent.
Switzerland is further cementing its place as the global hub by regulating security tokens, which have been garnering huge investor interest lately.
The Financial Market Supervisory Authority (FINMA), was…