Swiss Financial Regulator FINMA Launches Proceedings against envion AG

Swiss Financial Regulator FINMA Launches Proceedings against envion AG

Cryptocurrency Blockchain

Swiss Financial Regulator FINMA Launches Proceedings against envion AG

 

Swiss Financial Regulator FINMA Launches Proceedings against envion AG

Crypto at a glance Swiss Financial Regulator FINMA has launched enforcement proceedings against envion AG. FINMA has evidence that the company may have breached financial market law in relation to an ICO.

FINMA launched enforcement proceedings against envion AG in July 2018. The proceedings focus in particular on possible breaches of banking law resulting from the potentially unauthorised acceptance of public deposits in connection with the Initial Coin Offering (ICO) for the EVN token. Investigations carried out by FINMA to date indicate that, in the context of its ICO, envion AG accepted funds amounting to approximately one hundred million francs from more than 30,000 investors in return for issuing EVN tokens in a bond-like form. FINMA will make no further comment on the proceedings until they are concluded.

Focus on ICOs

FINMA is committed to ensuring that serious innovators can launch their ` and published guidelines to this effect in February 2018. However, it also consistently takes action against ICO business models, which violate or circumvent supervisory law. FINMA has also repeatedly drawn attention to the risks that ICOs pose for investors.

JADIRI GAMER

Jadiri Gamer "THE MORE YOU KNOW" Gamers Entertaining Gamers
Fandomfare Gaming Entertainment no.1 source in, Gaming news, Live Game Streaming , PC Gaming & related Events E3, Gamecon and more, eSports event news and releases gaming technologies.

Fandomfare Gaming Entertainment Video Games | Game Reviews | Game Streaming |Linux Distribution | more than 20-year online gaming and following the gaming industry\
Swiss Financial Regulator FINMA  Launches Proceedings against envion AG 5

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.