The Swiss Financial Market Supervisory Authority (FINMA) published on February 16 a set of guidelines for the application of financial market legislation. FINMA CEO Mark Branson sees these guidelines as a way to help blockchain technology

to successfully penetrate the Swiss markets, noting that Blockchain companies "can not simply bypass the framework. proven regulatory system ". He stated in the press release for the guidelines:

"Our balanced approach to managing OIC projects and investigations allows legitimate innovators to navigate the regulatory and regulatory landscape. launching their projects in accordance with our laws protecting "

According to the FINMA press release, the creation of the guidelines was motivated by the growing number of ICOs taking place in Switzerland, in link with the lack of clarity about the question of whether they should be regulated, noting that "[c] the current transparency is important given the dynamic market and the high level of demand."

FINMA writes that there is currently no ICO-specific regulation in place or "consistent legal doctrine" for the treatment of country offices in the country.

In order to To assess future ICOs and to determine which laws apply, FINMA says it will allocate OIC tokens into three categories: payment tokens, utility tokens and asset tokens.

Global regulation of ICOs has been uneven, with China at one end of the regulatory spectrum banning all ICOs in the country in 2017, while others like Singapore and Australia have provided ICO guidance designed to support ICOs in accordance with existing legislation, as has the proposal from FINMA.

Most ICO regulations warn potential investors of fraud. this relatively new approach to fundraising. FINMA's press release concludes by drawing attention to the risks associated with ICOs in terms of market price volatility and the potentially uncertain legal nature of contracts with Blockchain technology.