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Legal Frameworks and regulation for ICOs
Initial coin offerings (ICOs) are a means of raising capital using the blockchain technology. On the side of the issuer, the collected funds are typically used to finance a project (e.g. the building of a software).
In exchange for the financing, the investor receives a token which may be connected with the right to receive, e.g. a dividend, a voting right, a license, a property right or a right to participate in the future performance of the issuer.
Dr. Jean-Claude Spillmann
Director, Head Asset & Wealth Management and Banking Regulatory, Legal, Zurich, PwC Switzerland
+41 58 792 43 94
Assistant Manager, PwC Legal Switzerland, Zurich, PwC Switzerland
+41 58 792 16 69