Swiss cryptocurrency company Moving Media GmbH has acquired the legal status of a direct financial mediator. By means of brand Payment21, it can now operate legally using cryptocurrency under the supervision of Swiss Financial Market Supervisory Authority. The license for the service, awarded by the Swiss National Bank, confirms the status.
Company Moving Media GmbH under the brand of Payment21 operates as a payment gateway and cooperates with online shops and international corporations. Besides, the company carries out bitcoins exchange for fiat currencies and provides many other services. The company’s head, Bernhard Kaufmann noted that they operate legally and fully comply with the requirements of Swiss legislation. He also emphasized that the Swiss central bank “really encourages” innovations in the financial sector and supports the competition there.
Moreover, non-profit organization Crypto Valley Association is working on the project “The code of ICO”, and the education at the University of Applied Sciences and Arts in Luzern can be payed in bitcoins.