Swiss SRO Model Allows Crypto Firms to Complete Compliance Entry in 2 to 4 Months

Switzerland provides a path for anti-money laundering regulation for crypto firms through the Self-Regulatory Organization (SRO) model. Smaller crypto exchanges, brokers, and custodial wallet providers join the SRO under the framework authorized by the Swiss Financial Market Supervisory Authority (FINMA), which reviews their anti-money laundering control measures. Crypto firms engaging in financial intermediation activities such as token exchange, customer wallet custody, or payment token issuance in Switzerland must obtain a full license from FINMA or join an SRO. VQF, PolyReg, ARIF, and SO-FIT are responsible for regulating most crypto activities, and the review usually takes 2 to 4 months after the submission of the business plan, organizational structure, and anti-money laundering procedures. PolyReg, VQF, ARIF, and SO-FIT have jointly raised the minimum regulatory standards for virtual asset service providers at the beginning of 2026, covering transaction monitoring, blockchain analysis, and technical controls. The Swiss Federal Council will initiate consultations on new licensing categories for crypto custody, trading infrastructure, and payment tool issuance under the Financial Institutions Act by the end of 2025.

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