«Crypto Nation» Switzerland’s Aspirations Meet Reality

Switzerland’s financial market supervisor awarded the first license to a cryptocurrency fund provider. Now the company faces the challenge to launch its product on the Swiss market.

Finma, the Swiss banking authority, has granted Crypto Fund a license to sell collective investment products, the Zug-based company said in a statement on Monday. It is the first financial-services firm in Switzerland to receive the right to sell crypto-funds.

The license is a…