Any Business required some permissions to operate. Either it's operating on a domestic level or on an international level. Every business work under some rules and regulations of the country and under international forums rules and regulations. These are beneficial for both the company and regulating authority. After fulfillment of the requirements authority issue license to operate.
Now a license is issued by the Swiss Finance Regulator for the Aximetria Company. Aximetria is a finance app or a payment system that can be used for traditional fiat currency or the cryptocurrency. After the license Company can operate under the AML laws or Anti Money Laundering Laws
Company CEO said: “The Swiss license is of vital importance to Aximetria and our customers, partners, investors and the industry at large, including the blockchain ecosystem,” Also said that “Compared to the EMI (Electronic Money Institution) license, which is the most popular regulation standard for European and British companies, the Swiss license is much more desirable for a fin-tech company. This is because it also extends to crypto laws in Switzerland and gives us a wide range of future business development, including loans, FX, e-money accounts and salary projects.”