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Swiss financial Sector Establishment Working group to assess blockchain and ICO

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Swiss financial Sector Establishment Working group to assess blockchain and ICO
According to foreign media reports, Switzerland plans to maintain an "attractive position" on ICO (Coin financing). To this end, the Swiss international financial sector announced that it would establish a working group to assess the need for relevant action by the Swiss legislative and regulatory authorities. Switzerland accounts for 4 of the 10 major ICO in history, according to PricewaterhouseCoopers. Investors were drawn to the country's business-friendly regulations and digital professionalism, driving the birth of the so-called "cryptographic currency valley." China and South Korea have banned ICO, while the European Union and the United States have warned of investor-related risks. In such circumstances, Switzerland's digital pioneers argue that this has given the country the opportunity to lead in this area of the globe. In Tuesday, the Bern International Finance Secretariat said blockchain technology posed "fundamental legal issues" to financial markets and general law. The newly established "Blockchain/ICO Working Group" will "assess the legal framework through the Swiss Federal division ...
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