ICO guidelines released by Swiss financial authority

Europe Switzerland

When and how to apply existing financial legislation to ICOs is the main issue addressed by the set of new guidelines, released yesterday by the Swiss Financial Market Supervisory Authority (FINMA)

According to FINMA CEO Mark Branson, the new rules will help innovators launch new projects on the Swiss market while abiding by the country’s laws.

The guidelines classify ICOs into three categories payment tokens, utility tokens, and asset tokens, with different rules applicable to each of them.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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