According to FINMA's Anti-Money Laundering Ordinance:
In currency trading, exchange offices sell and buy cryptocurrencies directly from their own holdings. There is a bilateral relationship between the exchange office and the client. The professional purchase and sale of cryptocurrencies in return for conventional currencies (e.g. CHF) or for other cryptocurrencies constitute exchange activities subject to AMLA. FINMA currently uses a daily limit of CHF 1,000 for its identification requirement for currency exchange offices. The contractual party must be identified from CHF 1,000 in the case of currency trading. The exchange office must take appropriate measures to ensure that the wallet in question is the client’s and not a third party’s. This is similar to a traditional exchange of conventional currencies.
Our company is taking appropriate measures to provide KYC-less transactions on our cryptocurrency exchange and crypto ATMs.