What is Geneva (Canton)'s FATF status?

Geneva (Canton) is classified by FATF as: fsrb_only.

Are VASPs licensed in Geneva (Canton)?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Geneva (Canton)?

KYC is mandatory for crypto businesses.

Geneva (Canton) — Crypto Regulation 2026

Switzerland, specifically Geneva Canton, maintains a crypto-friendly regulatory environment under FINMA supervision with clear frameworks such as the Banking Act and DLT Act. FINMA emphasizes proportional, risk-based, and technology-neutral supervision, supporting innovation while ensuring market integrity.

Overview

Status	crypto_friendly
Risk Score	15/100 (Low Risk)
Region	europe
Currency	CHF

Licensing & Registration

Required	Yes
Regulator	FINMA
Framework	FINMA Banking Act and DLT Act
Ease	medium

Licensing is required under FINMA with a medium difficulty level to obtain, ensuring compliance with Swiss financial market laws.

Enforcement Activity

Level: Low

No significant enforcement actions reported; jurisdiction actively encourages crypto business

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	FATF
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are regulated under existing Swiss financial laws with oversight by FINMA to ensure compliance with AML and investor protection standards.

Stablecoins

Status: regulated

Stablecoins are regulated under the Swiss financial regulatory framework, requiring compliance with AML and licensing requirements.

NFTs

Status: no_rules

No specific NFT regulation; generally permitted

Mining

Legal	Yes
Electricity Cost	$0.15/kWh
Renewable Energy	30%
Infrastructure	excellent

Mining is legal with moderate electricity costs and good infrastructure; renewable energy accounts for 30% of electricity supply.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	85/100
Banking Access	open

Risk Factors

economic slowdown

Switzerland offers a stable political and economic environment with strong rule of law, open banking access for crypto firms, and no international sanctions.