PANews reported on January 22 that according to CoinDesk, 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. Sources said that the auction process is underway and the deadline for bidding for the Swiss company is January 24.

The European Union’s Markets in Crypto-Assets (MiCA) rules came into effect on December 30 last year, and Smart Valor could become a target for companies that have not received European regulatory approval. While neither Switzerland nor Liechtenstein (Smart Valor’s regulatory jurisdiction for retail crypto exchanges) are EU members, they belong to the European Economic Area (EEA) and can adopt MiCA. Liechtenstein’s law will take effect on February 1.