Financial Authority of Switzerland opens investigation against ICO of Envion AG | CryptoNews



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ICO taxpayers would have acquired tokens as obligations, according to surveys conducted by FINMA. However, the authorities stated that they would not disclose more details before the end of the investigation procedure.

In addition to the above, FINMA is committed to guaranteeing investors the possibility of legally launching its initial foreign exchange offer claiming not to be against this type financing. In fact, in February of this year, he published a guide for the successful completion of these projects. However, the authority also decided to adopt new systematic measures against all business models that use ICO "to violate and circumvent surveillance laws."

In this regard, the authority notes that in recent months it has focused on alerting and spreading the risks that unsolicited initial currency offers represent for investment of its citizens, practices that it will continue to promote within the regulator.

Nathaniel Popper, technology researcher for The New York Times, pointed out that FINMA's disclosures follow the latest statements by Envion AG, which claimed to make an initial offer of money according to the legal parameters required by the nation:

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