Crypto Travel Rule Regulations in Switzerland 2025

Breaking Down Compliance Requirements in Switzerland’s Crypto Ecosystem

Who Needs to Register?

In Switzerland, CASPs must adhere to the Swiss Financial Market Supervisory Authority (FINMA) guidelines. While formal registration isn’t required for all CASPs, compliance with Swiss AML/CTF regulations is mandatory, and service providers must report their activities to a recognized self-regulatory organization (SRO).

When Did the Travel Rule Begin?

Switzerland implemented the Travel Rule in 2019, as part of its efforts to align with FATF Recommendation 16. These regulations are stricter than the EU’s AMLD5, reflecting Switzerland’s commitment to being a global leader in financial security.

MiCA Relevance to Switzerland

Although Switzerland is not part of the EU, MiCA may influence its already rigorous standards. CASPs operating in both Switzerland and the EU should prepare to align with MiCA’s requirements by late 2024.

Is There a Transaction Threshold?

Yes, Switzerland applies the Travel Rule to cryptocurrency transactions above CHF 1,000, unless the CASP can verify that the transaction poses no risk.

What Information Must Be Shared?

Under Swiss regulations, CASPs must collect and share information about the originators and beneficiaries of transactions, including:

• Full name and address,
• Date and place of birth,
• Nationality,
• Account number or unique transaction ID.

Self-Hosted Wallet Requirements

Transactions involving self-hosted wallets are subject to the same AML/CTF measures, with CASPs required to conduct enhanced due diligence for higher-risk transactions.

Key Highlights of Crypto Compliance in Switzerland

1. Legality of Cryptocurrency in Switzerland
   Switzerland is known for its crypto-friendly environment, with digital assets considered legal and widely supported within a transparent regulatory framework.
2. Anti-Money Laundering (AML) Measures
   CASPs must comply with FINMA’s AML/CTF requirements, including:
   • Verifying customer identities (KYC),
   • Monitoring high-risk transactions,
   • Reporting unusual activities to an SRO or FINMA.
3. Travel Rule Enforcement
   Swiss CASPs must enforce the Travel Rule for all qualifying transactions, ensuring compliance with FATF guidelines and maintaining Switzerland’s high financial integrity standards.
4. Regulatory Oversight
   FINMA provides oversight, ensuring CASPs meet legal and regulatory obligations while promoting innovation and security in the crypto space.

Partner with Scorechain for Seamless Compliance

Switzerland’s advanced crypto regulatory environment can be daunting, but Scorechain is here to simplify it. Our solutions help CASPs navigate FINMA regulations and Travel Rule requirements with ease.

🔎 Comprehensive transaction monitoring to minimize risks.
📊 Customizable compliance tools for your business.
🤝 Support for aligning with FINMA and SRO guidelines.
🔗 Integrated Travel Rule solutions for secure and efficient data sharing.

Ready to simplify compliance?
Let Scorechain empower your business to succeed in Switzerland’s pioneering crypto ecosystem. Contact us today to schedule a consultation or demo!

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