|Swiss Financial Market Supervisory Authority (FINMA)|
|Key People||Mark Branson, CEO|
The Swiss Financial Market Supervisory Authority (FINMA) is Switzerland's financial markets regulator.
FINMA was founded in 2009 by three Swiss institutions: the Swiss Federal Banking Commission (SFBC), the Federal Office of Private Insurance (FOPI), and the Anti-Money Laundering Control Authority (AMLCO). The establishment of FINMA was an attempt by Swiss regulators to consolidate the responsibility of supervising the financial markets to a single entity.
FINMA is responsible for monitoring banks, insurance companies, stock exchanges, and other market participants in Switzerland, as well as enforcing Swiss financial markets laws.
Switzerland is considered to be a crypto-friendly nation for the most part; Johann Schneider-Ammann, the country's economics minister, claims that Switzerland wants "to be the crypto nation." In February 2018, FINMA released a set of guidelines for local ICOs, in order to help clarify when to apply Swiss AML and securities laws.
|Payment ICO||Utility ICO||Asset ICO|
|Tokens can function as a means of payment over time, have no further functions or links to other development projects||Tokens give access to a digital service||Tokens pay dividends, interest, give rights to a share of company revenue|
|Must comply with AML regulations; not regulated as securities||Regulated as securities||Regulated as equities, bonds, or derivatives|
- Operational management. FINMA.
- How FINMA is organized. FINMA.
- How FINMA helps investors and individuals. FINMA.
- Switzerland sets out guidelines to support initial coin offerings. Financial Times.