Swiss regulators crack down on ICOs, might be guilty of 'terrorist financing'

cahkalem

full member

Activity: 562

Merit: 101

Quote from: yorklab on October 01, 2017, 09:23:09 AM

More countries will follow. Ultimately a good thing, but will make the Alt market a bit tricky to maneuver in until this all plays out.

http://www.businessinsider.com/switzerland-ico-crackdown-2017-9

and this is why we need to know the team member behind the ICO project
most of successful ICO project will show up their team member with real social media link

taxmanmt5

legendary

Activity: 1190

Merit: 1024

Thank God these things are really that bad. Countries and reg units have politics that they have to deal with. Multiple groups that each have to be kept happy. Bitcoin is not that big of a deal to anyone but those here, but some of those groups take it on for a brief time to satisfy a small number of voters. Once that blows over it goes back to normal. It rarely affects the price more than a couple hundred bucks for a brief period. It just scares the new guys and the people with very little trading sense, but like I said not for long.

Dullmartini

full member

Activity: 196

Merit: 100

I'm not sure the article actually says the swiss regulator is cracking down. It is concerned and looking at the issue but so far mostly from an aml/tf kyc perspective. Nothing that many existing exchanges and ico's don't comply with already.

TrumpD

sr. member

Activity: 602

Merit: 265

Quote from: yorklab on October 01, 2017, 09:23:09 AM

More countries will follow. Ultimately a good thing, but will make the Alt market a bit tricky to maneuver in until this all plays out.

http://www.businessinsider.com/switzerland-ico-crackdown-2017-9

The swiss authorities have been generally genial towards bitcoins and crypto currencies. If there is a crack down, they must have a good reason for it.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: yorklab on October 01, 2017, 09:23:09 AM

More countries will follow. Ultimately a good thing, but will make the Alt market a bit tricky to maneuver in until this all plays out.

http://www.businessinsider.com/switzerland-ico-crackdown-2017-9

And just as expected, the bitcoin price didn't even move. Notice that recently we saw other countries like South Korean releasing the so called crackdown on ICO's, and the price is thriving and reaching new highs everyday since the big Chinese ban crash. The market simply doesn't give a damn about governments banning ICO's anymore. Hell, im actually hoping that a government bans bitcoin again just to see how less impact it ihas s compared to China.

yorklab

full member

Activity: 223

Merit: 105

Utrum OOT

More countries will follow. Ultimately a good thing, but will make the Alt market a bit tricky to maneuver in until this all plays out.

http://www.businessinsider.com/switzerland-ico-crackdown-2017-9

Topic: Swiss regulators crack down on ICOs, might be guilty of 'terrorist financing' (Read 369 times)