AsannouncedinSeptember2017,FINMAisconductinginvestigationsintoanumberofcasesinvolvingICOs.IfFINMAbecomesawarethatICObusinessmodelshavebreachedsupervisorylaw,wereintendedtocircumventregulation,orwerefraudulentintheirintent,itwilllaunchenforcementproceedings.

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