Crypto financial services provider Bitcoin Suisse plans to obtain banking license this year

Swiss crypto financial services provider Bitcoin Suisse plans to obtain a banking license in 2020. The company submitted a license application last July and hopes to get regulatory approval in 2020 as part of its mid-term IPO strategy. Bitcoin Suisse founder and chairman Niklas Nikolajsen talked about the importance of going public, claiming that the company's current financial asset base was "not enough to meet" the demand for its services. The company's chief executive, Arthur Vayloyan, said the company hopes to raise $ 41 million from investors. The company currently has a net worth of about $ 56.5 million, but hopes to double that number by the middle of this year.