Switzerland has built an anti-money-laundering compliance path for crypto companies through self-regulatory organizations (SROs). Smaller exchanges, brokers and custody wallet providers can join an SRO under FINMA's authorization framework, with the SRO reviewing their AML controls. Crypto firms engaged in token exchange, customer wallet custody or payment token issuance must hold a full FINMA license or become SRO members. Four SROs — VQF, PolyReg, ARIF and SO-FIT — supervise most crypto activity; after a company submits its business plan, organizational structure and AML procedures, review typically takes two to four months. In early 2026, the four SROs jointly raised minimum standards for virtual asset service providers, covering transaction monitoring, blockchain analysis and technical controls. The Swiss Federal Council also launched a consultation in late 2025 on new license categories under the Financial Institutions Act for crypto custody, trading infrastructure and payment instrument issuance.

Switzerland is offering crypto companies a route to anti-money laundering compliance through self-regulatory organizations (SROs). The model applies to smaller exchanges, brokers, and custody wallet providers, which can join an SRO under the authorization framework of the Swiss Financial Market Supervisory Authority (FINMA). In this setup, the SRO reviews the company's AML controls. Firms acting as financial intermediaries — handling token exchanges, customer wallet custody, or payment token issuance — must hold a full FINMA license or become SRO members. VQF, PolyReg, ARIF, and SO-FIT oversee most of these crypto activities; after a company submits its business plan, organizational structure, and AML procedures, reviews are typically completed in two to four months. In early 2026, the four SROs jointly raised the minimum standards for virtual asset service providers, adding coverage of transaction monitoring, blockchain analysis, and technical controls. At the end of 2025, the Swiss Federal Council launched a consultation on new license categories under the Financial Institutions Act, covering crypto custody, trading infrastructure, and payment token issuance.

Alchemy Pay has secured four additional U.S. Money Transmitter Licenses, bringing its total to 14 states and strengthening its regulatory footing for fiat-crypto payment services, RWA expansion, and future stablecoin initiatives.