Exciting News for Blockchain Enthusiasts
Swiss-based blockchain startup Smart Valor is shaking things up by securing approval from the local Financial Services Standards Association (VQF) to operate as a regulated financial intermediary. This decision, reported on September 5, marks an important milestone not just for Smart Valor, but for the entire blockchain sector in Switzerland.
Regulatory Landscape: VQF vs. FINMA
Unlike many of its peers, Smart Valor will be operating under the VQF, which is authorized by the national watchdog, FINMA, to oversee compliance with anti-money laundering (AML) regulations. While this may sound like a classic case of ‘who will watch the watchmen?’, it provides Smart Valor with an added layer of credibility, positioning them firmly on the right side of the law.
What’s Next for Smart Valor?
Get ready for Smart Valor’s upcoming online platform for alternative investments, reportedly launching in the fourth quarter of 2018. This platform will include cryptocurrency investments, appealing to the growing number of crypto enthusiasts eager to diversify their portfolios.
Banking License Awaits
But wait, there’s more! The savvy folks at Smart Valor are also applying for a banking license. With it, they aim to offer securities investments in the first half of 2019. As if that wasn’t ambitious enough, founder Olga Feldmeier boldly predicts that tokenization is set to revolutionize investing.
Olga Feldmeier’s Vision for Tokenization
“Tokenization transforms the way people own things, improves liquidity, and makes these investment opportunities accessible to a broader audience of investors.”
Olga certainly seems to have her fingers on the pulse of the future, suggesting that tokenization will enable more people to get in on investment opportunities that were once exclusive to the elite.
Switzerland: A Blockchain-Friendly Environment
Switzerland is increasingly becoming a hub for blockchain innovation, with its favorable regulatory environment. The country is home to the globally recognized Crypto Valley located in Zug, where local companies are even experimenting with blockchain technology in daily operations, such as in online voting systems.
In a recent trial, 72 out of 240 citizens participated in a trial vote using blockchain technology, proving that Switzerland is not just a passive observer but an active participant in the blockchain revolution.
The Road Ahead
Smart Valor was established in 2017 with the vision of disrupting the Swiss banking system, and it looks like they’re well on their way. With regulatory approval under their belt and ambitious plans for the future, blockchain advocates will be watching closely to see how this dynamic startup paves the way for others in the industry.
Conclusion
In a world of rapid evolution, Smart Valor’s endeavors represent a beacon of innovation in Switzerland’s emerging blockchain landscape. Now, if only they could turn that beam into a cryptocurrency powered lighthouse!
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