ICO Guidelines


Financial market law and regulation are not applicable to all ICOs. Each case must be decided on its individual merits. FINMA's principles focus on the function and transferability of tokens and categorises tokens into three types:​ payment, utility, and asset. This guideline focuses on anti-money laundry and securities regulation. FINMA will not treat payment ICOs as securities, but wil treat utitlity and asset ICOs as securities. 


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Friday, February 16, 2018
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