Direkt zum Inhalt

From the magazine SZW-RSDA 2/2019 | S. 135-154 The following page is 135

Crowdinvesting mittels Initial Coin Offering – Regulierungsaufgaben im -Token-Universum

Initial coin offerings (ICOs) are a phenomenon with similar characteristics as the cryptocurrency boom. Projects that typically have no history of producing a product or revenue raise capital by issuing their own tokens to investors. Therefore, the Federal Council adopted in December 2018 a report on the legal framework for blockchain and distributed ledger technology (DLT) in the financial sector. The report proposes selective adjustments. To exploit the opportunities as well as the considerable potential for innovation and enhanced efficiency coming along with applications supported by the distributed ledger technology Switzerland intends to create the best possible framework conditions. Thereby, the Federal Council envisages to consistently combat abuses and ensure the integrity and good reputation of Switzerland as a financial center and business location. The article analyzes the various challenges the regulator is facing when establishing a framework for this modern form of…

[…]