Switzerland regulators publish ICO guidelines
(WorldNews Switzerland)

In guidelines published today, the Swiss Financial Market Supervisory Authority FINMA sets out how it intends to apply financial market legislation in handling inquiries from ICO organizers. The guidelines also define the information FINMA requires dealing with such inquiries and the principles upon which it will base its responses, creating clarity for market participants. FINMA has seen a sharp increase in the number of initial coin offerings (ICOs) planned or executed in Switzerland and a corresponding increase in the number of inquiries about the applicability of regulation. ICOs are a digital blockchain-based form of public fund-raising for entrepreneurial purposes. Given a legal and...