Those who are carrying out the action and determining new courses are to be assisted by a steering committee of which the SIF State Secretary, Jörg Gasser (chair), the Director of the FOJ, Martin Dumermuth, and the Director of FINMA, Mark Branson will be a part of. All of those in the committee will work alongside and very closely with the sector in question.
Overall, the main outcome of this working group is to create a more stable, monitored and regulated future of ICOs and other financial technology businesses. This is all to further develop and place Switzerland as a leader in the FinTech market and ensure it remains an attractive base for foreign investment.
At the end of 2018, the working group will be required to report findings and recommendations to the Federal Council.Source: https://www.efd.admin.ch/efd/en/home/dokumentation/nsb-news_list.msg-id-69539.html
Legal disclaimer. This article does not constitute legal advice and does not establish an attorney-client relationship. The article should be used for informational purposes only.