Today the Swiss Financial Market Supervisory Authority FINMA release an ICO guidelines.
That's a positive Signal, because that`s means Swiss ICO will be 100% legal and regulated - no legal risk that the Swiss Government could banning ICO in generel.
I think that what is more important than the risk the government might ban it one day, is the risk that the particular ICO you buy is a scam and you will never see your money nor any return from it again. And that particular move of Swiss authority is perfectly adequate to solve the problem of ICOs being scam.
So I am happy to hear that and I can only hope the other coutries follow that example.
Yes, I know that a lot of ICOs are Scam, but those Scams are possible because there are no regulations at all - ICOs need to be regulated and
not be banned. Other Countries have only a negativ view on ICO an Cryptos, some of those countries have already banned Cryptos or will banning Cryptos in the future. As a Swiss citizen I`m glad that Swiss Government have a positiv view about Cryptos.
That is a very good Statementfrom the Swiss Financial Market Supervisory Authority (FINMA):
"FINMA recognises the innovative potential of blockchain technology and therefore supports the federal government's Blockchain/ICO Working Group in which it is participating. Clarity about the underlying civil law framework will be a decisive factor in establishing this technology sustainably and successfully in Switzerland."
