Te regulator no Helevetia i te mau titauraa no te ICO

I roto i te tuatiraa i te uana rahi o te numera o te ICO mau opuaraa i roto i te fenua Helevetia i nia i te avae fepuare 16, 2018, the Swiss Financial Market Supervision Service FINMA published principles supplementing the previous version of the ICO Handbook, published in September 2017.

te mau titauraa no te ICO

According to the document, the assessment of ICO compliance with the requirements of the legislation on the regulation of financial markets, in particular the Anti-Money Laundering Act (AMLA), should be conducted on a case-by-case basis.

In assessing the ICO, the financial controller will take into account the functions of the tokens and the ability to trade or transfer them. FINMA identified three groups of tokens:

Payment tokens (cryptocurrencies). Such tokens have no other function, except as a means of payment, or links to other projects.

Utility tokens, o te horoa i te i te faaohiparaa e aore ra, i te taviniraa.

Api tokens e ravehia mai te faufaa i te hoe tuhaa moni i te mau ia ratou e farii no roto mai i to ratou imiraa i roto i te huru o te napakahalaga moni e aore ra e auhia e i muri ae i to ratou titauraa i. I roto i teie hioraa, e mai te reira atoa i te ua horoa, taatiraa aore ra nei.


I nia i teie classification, FINMA e faariro mai i te ICO:

Aufauraa i ICOs:

I roto i te ohipa tei tupu e te ivakatakilakila i te ohipa no te hoe ravea no te aufauraa, te regulator ’ i te haapaoraa i te moni i te Anti laundering faatureraa e iti mai te mau titauraa s. Aita te Cryptocurrency o te faariro i te parururaa.

Utility ICOs:

Teie huru tokens aita no nia securities maori ra ia, e to ratou tumu hoe no te horoa mai i te hoe ohipa e aore ra, no te faaohiparaa, e mai te mea e nehenehe e faaohipa i te ivakatakilakila i roto i te reira te huru mai te taime e haamauruuruhia. I nia i te tahi atu rima, mai te mea e tokens-noa-tuhaa e aore ra te faahoturaa i te faufaa, FINMA e a feruri ia ratou mai te securities.

Api ICOs:

Tokens e securities, which means that their trade must comply with the norms of civil law, as well as the requirements of the Securities Law. Among other things, this means that the ICO must follow the rules that relate to promotional materials, and adequately provide information to investors.


FINMA also recognizes the existence of hybrid ICO forms, ei hioraa, if utility tokens can be used as a means of payment. I te taime hoe, ICOs must comply with anti-money laundering legislation.

The wording and content of the published ICO Guide makes it clear that FINMA is extremely concerned about compliance with the Anti-Money Laundering Act. The regulator’s concern is natural, as when using block system systems, financial risks increase. In essence, transactions can be anonymous and without the use of an accredited financial intermediary.

Regulator’s attention also touched on the securities legislation, ei hioraa, the obligation to provide reliable and truthful information, which is especially important, mai te taime e te tokens raro ae i te hoo rahi volatility.

Ua haapapu-faahou-hia te mau aratairaa i haapararehia i FINMA ’ s i te anaanatae i roto i te faito puai no te blockchain i te aravihi e te hinaaro i te hoe reni aratai papu maitai tera ra, i te au maitai no te faatereraa i teie vahi i te ohipa. No te pupu no te rave i te ohipa i nia i te blockchain e te ICO, o FINMA, haamau na roto i te tuhaa fenua Secretariat no te mau ohipa faufaa na te ao nei. I te hopea o te 2018, te pupu no te rave i te ohipa e ia faatupu i te hoe aratai no te ohipa e te hoe reni aratai tia nei i te ICO e te blockchain.


A papai i te: Richard Abermann


 

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