We advised a client engaged in game development for PCs, mobile phones, and game consoles, with a focus on integrating token and blockchain technologies into their content production processes, as well as developing IT and hardware infrastructure to support blockchain applications.
Our legal services included a thorough analysis of the regulatory landscape and advising the client on licensing requirements for their planned Initial Coin Offering (ICO). We provided guidance on the legal classification of the token, potential financial licensing obligations, and the regulatory framework surrounding blockchain technology in Switzerland.
We provided extensive counsel on corporate regulatory compliance. This included ensuring that the client’s corporate governance structure adhered to Swiss legal standards, particularly in relation to managing blockchain technologies and digital assets. We ensured that all corporate practices were in line with local and international regulations, addressing corporate reporting obligations and anti-money laundering (AML) compliance. We also assisted the client in obtaining an official ruling from FINMA, the Swiss financial regulator, regarding the nature of the token and the specific financial licensing requirements for the ICO. Our comprehensive support ensured that the client’s ICO and overall corporate structure were fully compliant with Swiss regulatory requirements.