Crypto firms are supervised for money laundering through self-regulatory organisations, and licences for crypto firms and stablecoin issuers are proposed. This page sets out the authorisations a stablecoin business needs in Switzerland, who grants each one and what it covers, alongside how many companies hold them today. The figures come from the registers Anvesan reads and are updated as those registers change.
RegulatorSwiss Financial Market Supervisory Authority (FINMA), with self-regulatory organisations for anti-money-laundering supervision
LawAnti-Money Laundering Act (AMLA), the DLT Act and the Banking Act (Article 1b, the FinTech licence)
Authorisations in Switzerland, as at 6 November 2026
Authorisations49across 4 licence families
Licensed49all 49 authorisations
In the pipeline0No live applications
Ended0No ended authorisations
Authorisations by licence
Swiss AMLA affiliation to a self-regulatory organisation82%40
Swiss FinTech licence (Article 1b BA)12%6
Other authorisations4%2
Swiss DLT trading facility authorisation2%1
These 49 authorisations belong to 47 companies. The company-level records are in Atlas Pro.
What those authorisations permit
Scope not stated in the licence49
One authorisation can cover several activities, so these figures overlap.
The licences: who grants them, how long, what they cost
The statutory clock is the formal decision period, where the regulator publishes one. “Observed” is the real-world timeline reported by applicants, not a figure the regulator sets. Capital is the regulatory minimum, not legal or advisory fees. Where a figure is not yet available, we show “Unavailable”; where one exists but Anvesan has not verified it, we show “Not sourced”.
The Atlas column maps a licence to a tracked licence family only where the two are the same thing. Where they are not, it reads Not mapped, and the family counts are in Authorisations by licence above.
Swiss AMLA affiliation to a self-regulatory organisation
40 in the Atlas
Who grants it
A self-regulatory organisation recognised and supervised by FINMA, such as VQF, PolyReg, ARIF or SO-FIT
What triggers it
Not sourced
Legal basis
Anti-Money Laundering Act (AMLA)
Statutory clockNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
What it takes in practiceNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
Regulatory changes only: what is being decided, by whom, and when. Company-level licence changes are tracked in Atlas Pro.
Questions this page answers
How many companies hold a stablecoin-related licence in Switzerland?
Atlas tracks 49 authorisations across 47 companies in Switzerland, read from official registers and checked on 6 November 2026. Of those, 49 are licensed, 0 are in the pipeline, and 0 have ended.
Who regulates stablecoins in Switzerland?
Swiss Financial Market Supervisory Authority (FINMA), with self-regulatory organisations for anti-money-laundering supervision. The framework is Anti-Money Laundering Act (AMLA), the DLT Act and the Banking Act (Article 1b, the FinTech licence).
What licence does a stablecoin business need in Switzerland?
Crypto firms affiliate to a self-regulatory organisation recognised and supervised by the Swiss Financial Market Supervisory Authority (FINMA), such as VQF, PolyReg, ARIF or SO-FIT, under the Anti-Money Laundering Act (AMLA). A DLT trading facility needs FINMA authorisation under the Financial Market Infrastructure Act (FinMIA). The framework also includes the FinTech licence, under Article 1b of the Banking Act. Licences for crypto firms and stablecoin issuers are proposed.
How long does a licence take in Switzerland, and what capital does it need?
Anvesan has not verified decision timelines or capital thresholds for Switzerland yet, so this page does not publish them. It publishes no figure it cannot cite.
How these numbers are made
Registers read
The official registers used for this regime, named in the Registers read line. Where a public register does not provide a record, the source is identified separately.
Cadence
Checked daily. Changes are recorded when they appear in the register, together with the date they were seen. Last checked 6 November 2026.
Licence detail reviewed
23 September 2026. Counts are refreshed daily. Licence terms, timelines and capital thresholds are reviewed separately because they come from the underlying rules rather than the register.
Known gap
“Unavailable” means the figure does not yet exist or has not been published. “Not sourced” means the figure exists but Anvesan has not yet verified it. Neither is estimated.