What Is the Significance of the "FINMA No-Action Letter" in Switzerland? ▴ Learn

What Is the Significance of the “FINMA No-Action Letter” in Switzerland?

A "FINMA no-action letter" from the Swiss Financial Market Supervisory Authority signifies that the authority will not take enforcement action against a specific token offering, based on the facts presented. Its significance is that it provides a high degree of regulatory certainty for the project, making Switzerland a favored jurisdiction for compliant token launches (ICOs and STOs).

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