Who regulates crypto companies in Switzerland?
The crypto companies in Switzerland are authorized and monitored by the FINMA (Swiss Financial Market Supervisory Authority).

The FINMA is a well-established, highly trusted regulators, when it comes to financial services. This now encompasses digital assets, as Switzerland can rely on its vast experience of the financial industry to further expand its hospitality to cryptocurrency companies.

What are the minimum requirements to obtain a crypto license in Switzerland?
To properly prepare an application to the Switzerland VASP license, a company shall at least have the following sorted out:

Incorporation of a legal structure in Switzerland;
Local substance: an office space with domestic employees;
Detail business plan including a 3 years budgeting and cash flows forecast;
Legal documents describing internal risk policies according to local AML laws;
Description of services offered to customers within the first 3-9 months after granting of license;
Extensive background check of all participants, including a certificate of non criminal record, a review of the resume and possible interviews;
Deposited share capital in a corporate account.

What is the procedure to obtain a crypto license in Switzerland?
We can break down the licensing process in Switzerland in the six following steps:

Register a company in Switzerland, preferably an AG;
Rent an office and hire workers within Switzerland;
Appoint a lawyer for your company;
Prepare your business model and AML policies, compliant with the FINMA regulations;
Set an appointment with the FINMA for presentation and authorization;
Start your crypto business in Switzerland.