YouHodler Establishes New Legal Entity in Switzerland
FinTech platform YouHodler, provider of crypto-fiat solutions, including crypto-backed lending, conversions and more today announces the establishment of its legal entity in Lausanne, Switzerland - YouHodler SA.
The move reflects YouHodler’s appreciation for Switzerland's supreme blockchain community, national infrastructure and government support for innovative businesses and new industries. After months of research, interviews and internal discussion, YouHodler is pleased to announce its move to the Canton of Vaud and excited to bring new opportunities and ideas across the realms of finance, technology, and blockchain to the region.
“Following our transformation from a blockchain startup to an international, FinTech provider of crypto-fiat services, we are expecting quick growth and long-lasting friendships at our new location in Lausanne. We’d like to thank our colleagues from the Switzerland Global Enterprise and the Economic Development – Canton of Vaud (DEV), as well as the Crypto Valley Association, for guiding us in this decision.”
said Ilya Volkov, CEO of YouHodler. “We’ll be happy to bring our contribution to the development of the blockchain community in Switzerland.”
As of today, the company is officially registered under YouHodler SA at Lausanne. Now that registration is complete, the legal roadmap for YouHodler, includes:
- Affiliation to the Self Regulatory Organisation (SRO) in order to comply with all anti-money laundering (AML) requirements;
- Further development of the legal structure in order with the Cantonal Department of Economic Promotion and Trade requirements;
- Application for a FINMA FinTech license
Also, the company will conduct constant and close monitoring of all changing and upcoming requirements in regards to new Distributed Ledger Technology (DLT) regulations.
Today's announcement follows other recent milestones for YouHodler, including the official release of a new mobile app, new tools for “hodling” and a campaign featuring several Ethereum-themed promotions.
For ongoing updates on YouHodler’s new Switzerland location and legal roadmap, please visit YouHodler.com/Blog.