Swiss crypto trading platform Smart Valor is exploring the possibility of selling all or part of its business
According to reports from CoinDesk, Swiss cryptocurrency trading platform and AI-led investment firm 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 Markets in Crypto Assets (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 member states, they are part of the European Economic Area (EEA) and can adopt MiCA. Liechtenstein's law will come into effect on February 1. Feldmeier said the company has commissioned investment bank Imperii Partners to explore potential opportunities.
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