Crypto legislation. Even if the use or acceptance of electronic currencies is not regulated in Switzerland, the issuance of crypto-currencies requires a special procedure with FINMA – the Swiss Financial Supervisory Authority. In some cases, a banking license is required.
Investing via ICO. Switzerland is one of the countries that are implementing numerous blockchain projects, including Initial Coin Offerings (ICO), particularly in the crypto valley of Zug.
In an ICO, “investors transfers financial means (crypto-currency) to the organizer of the ICO. In exchange, the investors receive or expect to receive “coins“, also known as “tokens” based on a blockchain (DIstributed Ledger Technology “DLT“), which are created on the basis of a newly developed blockchain or by means of a smart contract on an existing blockchain and which are registered decentrally”.