The Swiss Financial Market Supervisory Authority (FINMA) has published a deck on initial coin offerings. FINMA has scheduled a series of roundtable meetings in collaboration with the Swiss Crypto Valley Association. The first Roundtable took place last week in Zug, Switzerland. In February, FINMA issued a clarification of sorts regarding the regulatory status of ICOs noting its intent to foster innovation and support the nascent industry that has bloomed in the Alpine nation.
The presentation by FINMA is interesting has it provides additional insight and color into their approach and thought process regarding tokenized securities and utility tokens. FINMA states that it will “push for the removal of unnecessary regulatory obstacles for innovative business models while having zero tolerance for criminal behavior.