Odaily Planet Daily News Swiss cryptocurrency exchange and AI-led investment institution Smart Valor is exploring the possibility of selling all or part of its business.
CEO and co-founder Olga Feldmeier said in an interview that the company is conducting a strategic review after receiving a large number of inquiries from large global exchanges, cryptocurrency platforms and traditional financial (TradFi) institutions including banks and trading platforms.
The EU's Crypto Asset Market (MiCA) rules came into effect on December 30 last year, and Smart Valor may become a target for companies that have not obtained European regulatory approval. Although Switzerland and Liechtenstein (Smart Valor's retail cryptocurrency exchange regulatory jurisdiction) are not EU members, they belong to the European Economic Area (EEA) and can adopt MiCA. Liechtenstein's law will take effect on February 1.
Feldmeier said the company has commissioned investment bank Imperii Partners to explore potential opportunities. (CoinDesk)