Eternity Law International — News — ICO – Game by the rules

ICO – Game by the rules

Published:
June 22, 2018

In the first quarter of 2018, the most popular topic in the world of cryptocurrency was the regulation of ICO.

This happened in Switzerland, where in February FINMA issued its ICO guidelines. This caused a huge resonance both within the country and in the wide association of blockades.

Considering the fact that we are members of the CVA (Crypto Valley Association), we refer to one of our priority activities the introduction of members and the growing blockbuster industry in Switzerland in discussions on regulation and policy issues. And so we can say with confidence that we know the ICO field.

In January, CVA released our Code of Conduct for the ICO. CVA collaborated with FINMA in organizing and holding a series of roundtables in Zug, Geneva and Lugano in order to clarify and consolidate the guidelines for the community. Also, an important goal of such events was to collect feedback.

In addition to this, it is worth noting that the CVA also participates in policy discussions in other ways. The CVA community is a figurant in the Fintech round tables in the Swiss government.

To all other things it is the adherent of the Task Force on Blocking in the Ministry of Finance of Switzerland.

Participation in different forums makes it possible to add our perspectives and ideas, as we are working to negotiate with politicians and maintain regulation that protects consumers and fosters innovation.

THESE OBJECTIVES – IMPORTANT FOR OUR COMMUNITY

For example, we hope that ICO will eventually become a significant and innovative tool for attracting companies’ capital. However, despite this regulation will continue to take a leading role in this development.

In addition to this, it is not just an ICO. We set a goal in CVA, which is based on supporting a stable and prosperous block industry in Switzerland, which creates jobs and promotes economic growth.

However, it is clear that these problems will play a key role in the wider industry. In order to have an idea, you need to study the complex problems associated with how the blockchain technology can be harmonized with the GDPR in Europe.

On this basis, we will continue to participate in the consideration of regulatory and policy issues at all levels and commit ourselves to making every effort to study in the interests of the members of CVA, our growing industry, and users and consumers of this new technology that we are creating.

We encourage all members to maintain communication and consultation and, if possible, join the discussion.

You could be interested

Company registration Seychelles

Registration cost 1.100 Eur Company renewal cost 950,00 Eur Directors number 1 Corporate tax 0.00 % Registered share capital 0.00 Mandatory reporting requirements No Company documents: Seychelles offshore company nominee service documents Seychelles International Business Companies (IBC) are intended for use outside of Seychelles and cannot conduct business in the Seychelles. They are a popular...

Offshore company Bahamas

Registration fee 1 405.00 USD The cost of renewal of the company 1340.00 USD Number of directors 1 Corporate tax 0.00% Paid share capital 25 000.00 Mandatory reporting no Who does not know about the Bahamas? It’s real paradise, located in the Atlantic ocean, it has a membership of over 700 Islands, 40 of which...

Plug-and-Play Category 1 FSP License in South Africa – Scalable & Compliant

This involves the very first and most critical step: Licensing a Financial Services Provider (FSP). Category 1 FSP license shall be applied if you intend to render advisory or intermediary services. This operational manual will take you through all those critical steps, practices, and challenges that go through this entire process. This manual readies you...

Slovenia Authorised Crypto Companies

The execution and favorable functioning of the virtual assets project depends entirely on the possessing of an appropriate permit which allows businesses to operate in the boundaries of the field and guarantee the abidance by law. This license enables enterprises to deal with issuing, trading, swapping crypto currencies and other offerings correlated to that industry....

License for electronic money in Estonia

Located in Northern Europe, Estonia has emerged as a hub for digital innovation and financial advancement. At the center of this transformation lies the Electronic Money Institution (EMI) license, offering access to a broad spectrum of financial services and possibilities. In this detailed overview, we will examine the requirements, advantages, processes, taxation, and EMI license...

DLT provider license in Gibraltar

In 2017, Gibraltar’s authority released The Distributed Ledger Technology Regulatory Framework. In this article, you can get more info about the DLT license in Gibraltar, its limitations and ideas connected with it. The Fundamental Ideas for Gibraltar’s Regulatory Framework for Distributed Ledger These ideas aim to safeguard customers as well as the economy and prestige...

Related posts

ICO in 2023

An initial coin offering (ICO) is a popular innovative option for start-ups to collect funding for the development of services usually associated with cryptocurrecies or blockchain-based offers. It allows stakeholders to acquire newly-issued tokens. They may feature some usefulness associated with the products or services that the business is delivering, or they may just present a project...

What is ICO?

If you are tuning out the noise in the blοckchain industry, as well as educating yourself on crypto, you might have come across the notion of “initial coin offering”, also known as ICO. But what does it mean? Is it the same as trading popular coins like Bitcoin? When new projects need to raise money to launch a new token,...

ICO in the UAE

An Initial Coin Offering (ICO), also called an Initial Token Offering (ITO), is a common crowdsale mechanism (collectively collaborating to pool financial resources to invest in a project) by selling crypto coins or tokens in exchange for virtual money (usually bitcoin or ether) or fiat currency. Early investors usually buy coins or tokens in the...

ICO services

Our company has considerable experience in the professional legal support of projects based on blockchain technologies and ICO. During the existence of the company, our specialists have provided legal services to more than 40 companies, whose activities are related to ICO projects, mining and currency exchange. In addition, we have helped to create stable, from...

Company registration for ICO

More and more people are thinking about how to make profitable investments in new technologies and legally reduce the costs of personal business to pay taxes and fees, so the registration of companies for ICO is a logical step for everyone. Eternity Law International specialists help clients to implement projects to create promising companies for...

ICO in Switzerland

CURRENT ACCOMMODATION OF COINS OR ICO FROM VIEW OF SWISS law The initial placement of coins, or, as it is also called ICO in Switzerland is considered an irregular method of involving an investment in a project. In essence, it is the issue of digital coins or tokens that are used to create a new...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: