Known for its high level of digitalization, Switzerland, it has not yet been able to boast of significant cryptocurrency trading platforms on the market. However, everything points to the fact that the country is increasingly turning to digital asset trading, including security tokens. From the new year, you will be able to obtain a FinTech license on the territory of Switzerland, which will allow citizens to receive deposits with a maximum value of up to 100 million CHF.
All major cryptocurrency exchanges offer users the option of depositing specific currencies for the sole purpose of executing transactions. Because the banks are responsible for depositing currencies, the Swiss stock exchanges are carried out primarily OTC transactions or offer the option of purchasing with immediate transfer of tokens to the wallet. Currently, however, several projects are being developed that will create more favorable conditions for trading in cryptocurrencies in Switzerland.
One of such projects is simultaneously serving many different cryptocurrencies wallet Eidoo, an alternative trading platform, equipped with technology enabling offering to users security tokens. Successful development STO it foresees, among others the position of the Swiss Federal Council, which recognized technology blockchain as very important for securities trading, announcing at the same time legislative changes favorable for creating favorable infrastructure for building banking financial infrastructure. In the long run, this may lead to the launch of further platforms offering security tokens.
However, only authorized entities may enter the alternative trading platform. Other users, including natural persons, will be able to participate only in an organized trading system or in peer-to-peer platforms, but possess all functions appropriate for authorized platforms. Their limitation is that they can not share order books or execute orders not available on the market. On the one hand, it is important to diminish the functionality, but it should also be noted that it allows you to offer completely decentralized services without intermediaries. However, the Federal Council announced the development of an appropriate regulation that will allow unauthorized parties to participate in alternative trading platforms.