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Topic: Swiss 🇨🇭 ICO's — new FINMA guidelines (Read 127 times)

member
Activity: 210
Merit: 11
Arbeit macht müde und krank!
February 22, 2018, 06:20:00 AM
#4
Indeed, there are now many ICO claiming to be based in Switzerland and having the guideline for the issuance of ICOs within the country can be good in the long-run viability of this platform. We are already aware that many scam artists are now following the ICO market and they are just out here to victimize innocent people. It is really that we have some of a protection though it can mean some compromise along the way. Let's see how will this affect those who are planning to tap the ICO market based in this country.

Switzerland is a solution because the local managing director necessary by the law and he carry all responsibility. So, you always know who and where.
sr. member
Activity: 1008
Merit: 355
February 22, 2018, 03:22:54 AM
#3
Indeed, there are now many ICO claiming to be based in Switzerland and having the guideline for the issuance of ICOs within the country can be good in the long-run viability of this platform. We are already aware that many scam artists are now following the ICO market and they are just out here to victimize innocent people. It is really that we have some of a protection though it can mean some compromise along the way. Let's see how will this affect those who are planning to tap the ICO market based in this country.
legendary
Activity: 2968
Merit: 3684
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February 18, 2018, 02:10:08 PM
#2
Hi there, thanks for the info on this. I was actually following up last year on the FINMA investigations on all Swiss-related ICOs and token sales that they themselves announced that they were undertaking, whether on those physically based there or launching out of there. It's all in Swiss media otherwise, none in English which made it a bit more difficult. As I understood, they were meant to share initial findings and disclose some of the progress from those investigations. Would you happen to be aware of where I might locate this? This bit of news seems to have at least been based on parts of those investigations.

And what's the implications for all those Zug-based projects that have a growing number of companies registered elsewhere? One even from Malaysia now.

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member
Activity: 210
Merit: 11
Arbeit macht müde und krank!
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