Performing a successful ICO is definitely not a walk in a park. Defining a sustainable strategy, writing a comprehensive white paper and finding investors are just some of the challenges. To make matters even more complex, various regulatory requirements shall be fulfilled – under the constant threat of being wind up by FINMA in case of non-compliance.
These five major regulatory challenges may cause a headache:
Until further clarifying rules are published, we are stucked with the current setting. But even if there would be a more convenient regulation, blockchain companies will never be released from the duty to present their business in a serious way as well as set-up a compliant and long-term oriented structure.
The idea behind a company is just about 10% of the success, the rest is its execution.
Jürg Baltensperger, Managing Director of JayBee
JayBee focus on regulatory consulting with a focus on compliance & risk management for blockchain companies.