Swiss Financial Market Supervisory Authority Issues ICO Guidance

The Swiss Financial Market Supervisory Authority (FINMA) has published guidelines on initial coin offerings (ICOs). Switzerland, as many people know, is a hot bed of ICOs and cryptocurrency in general. Switzerland has recognized the newfound prominence in this sector of Fintech and has sought to create a regulatory environment that balances investor protection with an ecosystem that is conducive to innovation. FINMA’s response today was driven, in part, to the numerous requests they were receiving for guidance.