Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.

Quote from: mrsaint on November 10, 2017, 01:45:41 PM

Quote from: Kakumei on November 10, 2017, 01:16:43 PM

FINMA make the rules and we follow and therefore we are - as you say - regulated by them. We have KYC & AML in place and comply with all the current regulations laid upon us by them. More importantly, we have never stated anywhere that are partners or have any kind of partnership with them, so please stay true to the facts here.

Wrong. You tell people to stay true to the facts while you are the one who is deciving investors by spreading incorrect information. See Finma regarding the "Regulatory treatment of initial coin offerings":

https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20170929-finma-aufsichtsmitteilung-04-2017.pdf?la=en

Under 2. Regulation:

Quote

ICOs are currently not governed by any specific regulation, either globally or in Switzerland.

Even though I am not an expert on FINMA regulation, I think you better should double-check that it is right what you are saying here. Otherwise, you just look like a Newbie who is FUDing around here.

"Lastly, FINMA clarified that even though the act of crowdfunding via token issuance may not be regulated as a financial activity, some other regulations could still be applicable:

- AML and KYC Obligations will apply where the creation of a token by an ICO vendor involves issuing a payment instrument. " (Source)