According to CoinDesk, Swiss cryptocurrency trading platform and artificial intelligence-led investment house Smart Valor is exploring the possibility of selling all or part of its business. CEO and co-founder Olga Feldmeier said in an interview that the company is conducting a strategic review after receiving a large number of inquiries from large global exchanges, cryptocurrency platforms, and traditional financial (TradFi) institutions, including banks and trading platforms.
The European Union's Crypto Asset Markets (MiCA) rules came into effect on December 30 last year, and Smart Valor may be a target for companies that do not receive European regulatory approval. While neither Switzerland nor Liechtenstein (Smart Valor's retail cryptocurrency exchange regulatory jurisdiction) are member states of the European Union, they belong to the European Economic Area (EEA) and can adopt the MiCA. The Liechtenstein law will take effect on February 1. Feldmeier said the company has commissioned investment bank Imperii Partners to explore potential opportunities.
Swiss crypto exchange Smart Valor is exploring the possibility of selling all or part of its business
2025-01-22 04:32:15
CoinDesk Reports Switzerland Cryptocurrency Trading Platform Artificial Intelligencedesk3cryptocurrencydesktopCrypto News
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