The Switzerland-based cryptocurrency broker Bitcoin Suisse has recently applied for a Banking Securities License which if approved will transform the blockchain startup into a bonafide bank.
The Startup will be able to offer banking services, as well as act as a securities dealer if approved by the Swiss Financial Markets Supervision Authority (FINMA) which is in charge in approving the application.
Bitcoin Suisse wants to strengthen its position as the leading provider of crypto financial services by offering regulated products and services that will not only cater to digital asset holders but also towards customers of traditional finance market.
Bitcoin Suisse is not the only company operating in Swiss jurisdiction that is eyeing for a banking license, Seba Crypto and Signum are also in the process of acquiring a banking license from FINMA.
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