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06 December 2018
Newsflash Banking & Finance: FinTech Licence
From 1 January 2019, companies that do not carry out traditional banking activities will be able to receive an authorization from FINMA in order to accept deposits from the public up to a maximum of CHF 100 million in relation with their activities. This new licensing category is mainly intended for FinTech companies, in particular (but not only) those that have a business model related to the management and/or conservation of crypto-currencies.