$100m Ico has actions pending by Finma

$100m Ico has actions pending by Finma
фото показано с : bitcoints.com

2018-7-27 11:55

Regulation

Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has announced that it has launched proceedings against initial coin offering (ICO) issuer, Envion AG.
Also Read: Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says
FINMA Launches Proceeding Against $100 Million ICO
A press release published by the Swiss Financial Market Supervisory Authority has revealed that the regulator has initiated enforcement proceedings against Envion AG.
Finma states that it has “evidence that the company may have breached financial market law in relation to an ICO.” The press release states that the proceedings will focus “in particular on possible breaches of banking law resulting from the potentially unauthorized acceptance of public deposits in connection with the Initial Coin Offering (ICO) for the EVN token.”
“Investigations carried out by FINMA to date indicate that, in the context of its ICO, Envion AG accepted funds amounting to approximately one hundred million francs [approximately $100.6 million USD] from more than 30,000 investors in return for issuing EVN tokens in a bond-like form,” the release continues.
The token is, as such, subject to certain restrictions under US security laws.
The Swiss Financial Market Supervisory Authority added that it “will make no further comment on the proceedings until they are concluded.”
What are your thoughts on FINMA’s decision to launch proceedings against Envion?

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financial ico finma against swiss market release

financial ico → Результатов: 93


Фото:

FINMA Launches Proceedings Against $100 Million ICO

Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has announced that it has launched proceedings against initial coin offering (ICO) issuer, Envion AG. Also Read: Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says FINMA Launches Proceeding Against $100 Million ICO A press release published by the Swiss Financial Market Supervisory […] The post FINMA Launches Proceedings Against $100 Million ICO appeared first on Bitcoin News.

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