Zarina Füglister


On November 30, 2018, the Federal Council (the highest executive authority of Switzerland) published the implementing rules governing the newly introduced Swiss “innovator license.”  The Swiss Parliament has recently enacted this new license category. Younger companies, in particular from the fintech and blockchain space, often engage in taking deposits from the public. Until recently, this activity was reserved for banks. However, fintechs that operate payment systems, including such systems based on cryptocurrencies or other blockchain…