The Swiss financial Market supervisory Authority (FINMA) has reportedly granted 2 banking and securities dealer licences to crypto-focused banks.

Two Swiss crypto-specializing corporations, Sygnum and Seba Crypto Ag have received banking and securities dealer licenses, the banks stated in separate statements on August. 26.

With the new license, Seba expects to formally launch its new trading platform platform in early Oct 2019, the corporate explicit . Seba’s plans embody the institution of a digital asset platform for skilled traders, corporations and institutional purchasers, as well as custody storage and asset management.

Sygnum stated that restrictive approval can allow it to bring its digital asset offerings to promote, that embody a custody and integrated liquidity platform for major digital currencies as well as Bitcoin (BTC), Ether (ETH) and digital Swiss franc tokens.

The news follows FINMA’s recently released guidance on regulative needs for blockchain-based payments. The steering targets blockchain service providers as well as exchanges, wallet providers and trading platforms.

FINMA stressed that blockchain sector businesses aren't exempt from Anti-Money laundering and know Your client requirements.

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