Switzerland is the main European center for
cryptocurrency companies, with
Zug standing out as the
top Swiss destination for this types of investments.
Zug is also the home of the
Crypto Valley Association, a body which was created to assist the needs of investors who want to
open a company in Switzerland in this sector. Recently, the
Crypto Valley Association also created a Code of Conduct regarding the manner in which investors can
launch initial coin offerings (ICOs) in this country.
Our team of specialists in company formation in Switzerland can advise businessmen on the regulatory framework available for
ICOs.
The purpose of the Crypto Valley Association
Switzerlands offers an
attractive market for cryptocurrency startups and most of the businesses operating in this field were
set up in Zug, the
canton with the
highest level of investments in cryptocurrencies. The
Crypto Valley Association is a
strong promoter of cryptocurrency businesses and it can provide assistance for the following:
• develop business relations with the local authorities;
• attracting cryptocurrency businesses;
• assisting in the development of a regulatory framework in the field;
• promoting Crypto Valley in the industry and mass-media;
• attracting expert service providers.
ICOs regulations concluded by the Crypto Valley Association
The
Crypto Valley Association benefits from the support of the
main financial regulator, the
Swiss Financial Market Supervisory Authority (FINMA). In order to assist the investment activities that are carried out in this new business sector, the
Crypto Valley Association developed a
Code of Conduct for ICO, which is a method for
raising capital for investments in
cryptocurrency businesses;
our representatives can offer further assistance on this subject.
The
Code provides rules for the
members of the Crypto Valley Association, as well as for the businessmen who invest in these activities. The core idea of the
Code aims at
transparency measures regarding these investments and
protecting the interests of the token buyers.
The
Code also stipulates the measure of
disciplinary action in the situation in which those who have
adopted the Code will breach it. Since this field of activity has entered international markets in the last years, most of the jurisdictions do not have a specific regulatory framework. However,
Switzerland provides one of the most developed systems so far.
Businessmen are invited to
contact our team of consultants in company registration in Switzerland for in-depth advice on the
cryptocurrency regulations available here.