Joshua Ashley Klayman addressed Switzerland’s new ICO regulations in the Crowdfund Insider article “Comment on Recent Regulatory Moves by South Korea & Switzerland Regarding ICOs.”
“The announcement from Switzerland’s Financial Market Supervisory Authority potentially is significant, not because it is different from what other jurisdictions have been saying, but because its message is relatively consistent with other jurisdictions’ guidance. It is significant, among other things, because Switzerland now has stated that certain tokens may be securities. Prior to this guidance, many in the space previously had assumed that Switzerland’s view was that tokens were not securities, in reliance on a court decision that focused specifically on Ethereum,” she said.
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