FiPME Electronic Trading Platform is Granted Membership in PolyReg

Membership in the Self-Regulatory Organization is a major milestone for FiPME (First International Play Money Exchange) in its journey to launch the first electronic trading platform for virtual in-game items.

Rotkreuz, Switzerland — FiPME GmbH has announced it has been granted membership in Self-Regulatory Organization (SRO) PolyReg, which is subject to the supervision of the Swiss Financial Market Supervisory Authority FINMA.

FiPME, also known as the First International Play Money Exchange, specializes in providing gamers and publishers with a trusted platform for safe and compliant trading of virtual items. Membership in SRO PolyReg represents a significant milestone for FiPME and reaffirms the company’s commitment to security and compliance in the trade of virtual items from video games.

The trade of virtual items from video games has experienced exponential growth in recent years, creating a global industry with significant economic value. FiPME recognizes that this growth also brings challenges, particularly in the areas of security and player protection.

“We are proud to be part of SRO PolyReg and look forward to collaborating with other financial intermediaries in the industry to make the trade of virtual items even safer and more transparent,” said Stefan Kämper, FiPME CEO.

SRO PolyReg is a recognized Self-Regulatory Organization under Article 24 of the Anti-Money Laundering Act (GwG). It oversees financial intermediaries who are affiliated as association members according to Article 2(3) of the GwG. By becoming a member of SRO PolyReg, FiPME demonstrates its dedication to complying with legal regulations and industry best practices. SRO PolyReg will support FiPME in fulfilling its statutory supervision and monitoring obligations towards its members.

This collaboration will help strengthen the trust of players and publishers, providing them with a secure and reliable trading platform for virtual items.

About FiPME GmbH:

FiPME GmbH (First International Play Money Exchange) is part of Cow Level AG and an emerging leader in the trade of virtual items from video games. The company aims to provide gamers and publishers with a secure and trustworthy platform for buying and selling their virtual items. FiPME places great importance on security, transparency, and customer satisfaction, striving to set the highest standards in the industry.