Regulatory Treatment of Initial Coin Offerings 1 Background FINMA recognises the innovative potential of distributed ledger/blockchain technology. It welcomes and supports all efforts to develop and implement blockchain solutions in the Swiss financial centre. Recently there has been a marked increase in initial coin offerings (ICOs), either conducted in or offered from Switzerland. ICOs are...Read More

Stop facilitating tax evasion or face criminal prosecution, HMRC tells corporations Corporations could be prosecuted if they fail to prevent staff from criminally facilitating tax evasion under a new HMRC law that comes into effect this weekend. It is already a crime to evade tax, or deliberately help another person to do so, but on behalf...Read More