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21 March 2019
Bank License "light" and Swiss FinTech Regulation
The regulatory environment in Switzerland for companies of the financial technology (FinTech) sector continues to evolve. A new bank license “light” for a deposit taking activity up to a threshold of CHF 100 million is available from 1 January 2019. Also, the Swiss Federal Council published a report outlining further changes to Swiss regulation in connection with blockchain technology and digital assets.