Switzerland is fast becoming the crypto of Mecca. Especially the Canton of Zug can position itself with increasing success as a “Crypto Valley”. With Smart Valor of the confederates to receive a new Fiat-crypto Exchange, which sets the long-term focus on digital Assets, such as Security Token.
By Christopher clover
30. July 2019BTC$9.546,00 -0.05%part Facebook Twitter LinkedIn xing mail
today, 30. July marks the start of the first Swiss Security Token Exchange. Smart Valor – the Name of the new Exchange is created as a Fiat-crypto Exchange. With the inclusion of the trading operation, it should be possible to trade Bitcoin (BTC) and Ether (ETH) against the Euro, US Dollar, Swiss franc or British pound Sterling. After that, another crypto will be added in the month of stroke, currencies, and Security Token (digital certificated securities). It is said in a press release to the Exchange, the BTC-ECHO is:
More carefully selected, attractive Cryptocurrencies and block-chain-based tokens are monthly, supplemented […] . After the Security tokens that are secured by real assets can be added to the spectrum of available Assets, [ … ].
An authorisation as a financial intermediary, has received a Smart Valor of the competent financial supervision authority in September 2018. Smart Valor is not directly supervised by FINMA. Instead, the Exchange is a member of the Association of VQF, a FINMA approved self-regulating organization to verify compliance with Anti-money laundering policy is. In addition, Smart Valor has a subsidiary in Liechtenstein. Compared to BTC-ECHO Smart Valor explains why it has the location of the Zug’s “Crypto Valley” decided:
Switzerland is today the largest destination for the global assets and is home to 25 per cent of global Offshore assets. For over 200 years, this place is for privacy, security, and reliability. However, neither the Swiss Crypto Valley had up to now, Liechtenstein is an Exchange, offering trading and safekeeping of digital assets. Smart Valor changes this, and offers the privilege of a stable, secure Jurisdiction not only for the Rich, but for all,
CEO Olga Feldmeier, who was previously Executive Director in the asset management division of UBS says.
Inspired by BNB: The VALOR Token
has The Exchange with VALOR’s own Token, the traders similar to the BNB from the competition – Exchange Binance-giving including discounts on trading fees. The Token is classified according to the White Paper as a Hybrid of Utility and Payment Token. Also VALOR as a bridge acts currencies Asset for the trade of the Smart Valor offered Token and Crypto. In addition, issuers that want to launch a crypto-Asset on Smart Valor need to keep a certain amount of VALOR tokens. To ensure additional protection against fraudulent projects.
Update: In an earlier version of the speech was that Smart Valor has a FINMA license. The paragraph has been changed in such a way that the indirect regulatory care of the VQA is the responsibility of. Furthermore, the term stock has been replaced by Exchange.
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