Switzerland MiCA (Markets in Crypto-Assets) Crypto Requirements 2025

While Switzerland is not a member of the European Union, the introduction of the EU's Markets in Crypto-Assets (MiCA) regulation on December 30, 2024, will have implications for crypto-asset service providers (CASPs) operating cross-border or serving EU-based clients. Swiss CASPs must assess how MiCA affects their operations and ensure compliance if they engage with the EU market.

Switzerland’s own regulatory framework, overseen by the Swiss Financial Market Supervisory Authority (FINMA), is well-established and aligns closely with the EU’s overarching goals of transparency, consumer protection, and financial stability. However, MiCA introduces specific requirements for cross-border activities that Swiss CASPs must navigate to maintain EU market access.

Key dates for MiCA implementation relevant to Swiss CASPs are as follows:

• June 30, 2024: Provisions for asset-referenced tokens (ARTs) and e-money tokens (EMTs) become applicable in the EU.
• December 30, 2024: MiCA's full provisions come into effect, requiring CASPs to obtain authorization if they wish to operate in the EU.
• December 30, 2025: A 12-month transitional period concludes, after which only authorized CASPs may legally provide crypto-asset services in the EU market.

How Scorechain’s AML Compliance Tools Support Crypto-Asset Service Providers (CASPs) in Switzerland

Understanding Cross-Border Licensing Requirements

Although Swiss CASPs are governed by FINMA, those engaging with EU customers must comply with MiCA’s licensing requirements. Scorechain provides a robust compliance framework to help CASPs align with both Swiss regulations (e.g., Anti-Money Laundering Act) and MiCA obligations for cross-border operations.

Enhanced Due Diligence (CDD)

Swiss CASPs are required to comply with FINMA’s AML standards, which emphasize robust customer due diligence and risk assessment. Scorechain’s tools support compliance by enabling wallet screening, transaction monitoring, and risk management, ensuring alignment with Swiss and EU expectations.

Reporting Obligations

In Switzerland, CASPs report suspicious activities to the Money Laundering Reporting Office Switzerland (MROS). Scorechain simplifies this process with its Suspicious Activity Reporting (SAR) features, which can also be adapted to meet EU standards for cross-border activities.

Internal Controls

Swiss CASPs must implement strong internal policies under FINMA’s AML requirements. Scorechain offers tools to develop tailored compliance programs, ensuring compatibility with both FINMA regulations and MiCA requirements for Swiss CASPs serving EU markets.

Regulatory Oversight and Transparency

Scorechain provides real-time analytics and reporting dashboards designed to meet the stringent transparency standards of Swiss regulators like FINMA. These tools also facilitate compliance with MiCA when engaging with EU customers, ensuring efficient collaboration with authorities.

Why Scorechain is Ideal for Swiss CASPs

By integrating Scorechain’s AML solutions, Swiss CASPs can:

• Seamlessly align with FINMA’s regulatory requirements while addressing MiCA compliance for EU operations.
• Build trust with Swiss and EU regulators through operational transparency and adherence to international standards.
• Mitigate risks through automated transaction monitoring and robust internal controls.

Scorechain empowers Swiss CASPs to navigate both domestic and international regulatory landscapes confidently, ensuring compliance with MiCA and fostering trust in the global crypto market.

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