Since Anchor, AG, is based in Switzerland, any and all Swiss regulations are highly important to us. And when it comes to regulating cryptocurrencies and various tokens, FINMA is the body to turn to.
FINMA, or the Financial Markets Supervisory Authority in Switzerland, is the first governing body that issued a guidance paper for ICOs . So needless to say, a lot of people wanted to know as much about it as possible. In this guidance paper, among other things, FINMA focused on defining the different types of tokens and what Security Token offerings were based on.