New trading platform is set to launch by mid-2019 in Switzerland. It’s being developed by SIX Group that operates the country’s largest stock market. SIX Group’s spokesman told the Swissinfo news outlet in an interview July 15 that Swiss Infrastructure and Exchange (SIX) Group might offer cryptocurrency trading services on its digital trading platform. SIX Group representative Stephan Meier said that the company wants to use this new service for emission and digital assets trading as well as ICOs that are not classified as securities. The primary goal is to use SIX consulting services and help ICO managers to create trustworthy business. The company is providing all the necessary information for primary offerings (ICO) as well as listing consultation and trading. Meier clarified that SIX Group has not yet made a decision on what “specific products will be offered to list and trade” on its upcoming platform, noting that the question of whether cryptocurrency trading will be available is still “open.” However, SIX Group is able to list any digital asset on the platform. The reliability of the assets is the priority so all the tokens will have to undergo the inspection. Besides, the important part is to make the platform legal within the Swiss laws and regulations. He emphasized that SIX Group is working in “close consultation” with regulatory authorities to find out “in which areas adjustments or additions to the legal framework may be necessary.” |
