FinancialmarketlawandregulationarenotapplicabletoallICOs.DependingonthemannerinwhichICOsaredesigned,theymaynotinallcasesbesubjecttoregulatoryrequirements.Circumstancesmustbeconsideredonacase-by-casebasis.AssetoutinFINMAGuidance04/2017,thereareseveralareasinwhichICOsarepotentiallyimpactedbyfinancialmarketregulation.Atpresent,thereisnoICO-specificregulation,noristhererelevantcaselaworconsistentlegaldoctrine.

鉴于部分UusB律和监管zOr0架的不明68Ac性，FINMA今天发布了指南vJY4它补充了brsy早期的FINMA指南04/2017，阐述了它打算FKLS何处理来LiPpICO组织者的询问TsWX