Switzerland is preparing a fintech regulation
The Swiss government is exploring amendments to current legislation to facilitate the development of blockchain technology.
The blockchain/initial coin offering (ICO) working group was appointed at the start of 2018 to review the legal framework on all applications of distributed ledger technology (DLT) in the financial sector. Federal Council, by the end of 2018, will decide on the introduction of any legal amendments based on the findings.
Switzerland currently has no regulations regarding the buying and selling of cryptocurrencies or their use as a means of paying for goods and services. However, the Swiss Financial Market Supervisory Authority (FINMA) has however published ICO Guidelines which define the information FINMA requires to deal with ICO enquiries and the principles upon which it will base its responses.