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Swiss crypto trading platform Smart Valor is exploring the possibility of selling all or part of its business
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3 hours ago 9,480
Golden Finance reported that Swiss cryptocurrency trading platform and artificial intelligence-led investment institution Smart Valor is exploring the possibility of selling all or part of its business, according to CoinDesk. CEO and co-founder Olga Feldmeier said in an interview that the company received a large number of inquiries from large global exchanges, cryptocurrency platforms and traditional financial (TradFi) institutions including banks and trading platforms. A strategic review is underway. The EU’s Market in Crypto-Assets (MiCA) rules came into effect on December 30 last year, and Smart Valor could become a target for companies that do not have European regulatory approval. While neither Switzerland nor Liechtenstein (Smart Valor’s regulatory jurisdiction for retail cryptocurrency exchanges) are EU members, they are part of the European Economic Area (EEA) and can adopt MiCA. Liechtenstein's law will come into effect on February 1. Feldmeier said the company has tasked investment bank Imperii Partners to explore potential opportunities.
Keywords: Bitcoin
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