World's First Licensed Crypto Bank Seen As Game-Changer For Switzerland

https://www.swissinfo.ch/eng/licenses-awarded_-world-s-first--crypto-banks--game-changer--for-switzerland/45187400

This is the first time such licenses have been granted worldwide, so Switzerland is playing a pioneering role,” Manuel Krieger, CEO of Sygnum Switzerland, told swissinfo.ch. He also thinks the early movers will encourage others to take the plunge. “We now have a responsibility as an enabling platform to help banks and other financial players make the step into the digital asset world.”
“This has positive implications for Switzerland and distributed ledger technology [the blockchain-style platform on which cryptocurrencies run] internationally,” added Mathias Imbach who runs the group’s Singapore operation.

“Cryptocurrencies will come out of the shadows if dealing with these assets can be done in a 100% compliant manner upholding all the rules that a strict regulator demands. That is a game changer,” he added.