Switzerland wants to become a Crypto Nation

Even though services in Switzerland are among the most expensive in the world, government decided to open the doors to the new ICO projects and to invite the  investors to build the first Crypto Nation in landlocked country of Central Europe. ICO guidelines specify three main categories by Swiss Financial Market Supervisory Authority FINMA:

  • 1. Payment ICOs - comply with anti-money laundering and not securities
  • 2. Utility ICOs - not security as long as actual utility
  • 3. Asset ICOs - definitely security and have to fully comply with regulation

source: coingape.com

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