Switzerland's secret to becoming the world's safest and most efficient digital asset hub is its use of the Self-Regulatory Organizations (SRO) model, which lowers barriers to entry while strictly maintaining Anti-Money Laundering (AML) compliance standards, Bitcoin News reported. Instead of requiring excessive banking licenses for all virtual asset companies, the Swiss Financial Market Supervisory Authority (FINMA) operates a supervisory system through 11 private SROs, tailored to the business model and risk profile. For financial intermediation activities under the Anti-Money Laundering Act, such as virtual asset trading, custody, and payment token issuance, companies must choose between obtaining a full FINMA license or joining an SRO, with approval typically completed in about 2-4 months.
