We know that China already banned Cryptocurrency exchange and ICO. Still, China is looking for implement more strict laws against Cryptocurrency. China is undoubtedly the number one warrior against Bitcoin and Cryptocurrency in general. After China, Lots of countries voiced their concern against crypto.

After Chinese Dilemma, haters of Cryptocurrency rallies together and form a hate group. Already spread negative news about cryptocurrency. JP Morgan CEO famously denounces as "Bitcoin is a fraud". After his remarks market falls for a day. After that market regains its position and Bitcoin reaches its all-time high price.

When Every global regulatory body is against Bitcoin or Cryptocurrency, Switzerland takes a different path. Rather than cracking down, They decided to encourage bitcoin by issuing a guideline for Initial coin offerings.

As like in other countries, We have seen Sharp Cryptocurrency growth in Switzerland. Number of ICOs will be launched soon. Swiss Financial market authority decided to formulate rules and regulation to conduct ICOs.

“The application of blockchain technology has innovative potential within and far beyond the financial markets. However, blockchain-based projects conducted analogously to regulated activities cannot simply circumvent the tried and tested regulatory framework,” FINMA chief executive Mark Branson Source