Switzerland released new guidelines to government Crypto currency as high tech nation emerge as global hub for the flourishing crypto industries.
Switzerland Watchdog FINMA noted that Switzerland has been sharp increase a numbers of initial coin offering mean ICO in the Switzerland. While Some country have shield from the unpredictable Crypto currency world.
Switzerland think about it and take new guidelines for the Crypto world this is good opportunity for the country.
Creating transparency at this time is very important give the dynamic market and high level of demand of cryto currency FINMA said.
New Company must be created on a case - by case nothing that financial market law and regulation are not applicable for Initial Coin Offering (ICO).
FINMA said there are three category
(1). Payment Token (ICO)
(2). Utility Token (ICO)
(3). Assets Token (ICO)
(1). Payment Token :- Payment Token are defined as basic form of Crypto currency to provide a payment solution for users.
(2). Utility Token :- Utility Token this token provide a digital access and service for users who have interested use in this services.
(3). Assets Token :- Assets Token has provides a stock or bond where currency correspond to assets such as participation in real physical underlying, companies, or earnings streams, or an entitlement to dividends or interest payments”, FINMA said.
