Swiss Financial Regulators Publish “Pretty Reasonable” ICO Guidelines

FINMA, the Swiss Financial Market Supervisory Authority, yesterday published guidelines explaining to organisers and investors how existing financial legislation would be applied to initial coin offerings. The document also details the criteria by which the regulator will judge each fundraising effort. The aim is to dispel uncertainty in the space and should allow investors and organisers alike to act with greater confidence.
A press release accompanying the document stated that FINMA felt the c