|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||The Tale of Swiss ICO foundations|
|Published in:||Aktuelle juristische Praxis|
|Publisher / Ed. Institution:||Dike|
|Subject (DDC):||332: Financial economics |
346: Private law (CH)
|Abstract:||The growth of blockchain technology has not only impacted the technology sector but also the legal and finance industry on a massive scale. The Swiss financial sector has seen the sudden growth of a new way of start-up financing, commonly known as the Initial Coin Offerings (ICOs). ICOs enable Blockchain focused Fintech start-ups and SMEs to access crowd financing by issuing digital currencies. While in 2016 approximately 245 million USD have been raised through ICOs worldwide, this amount jumped to nearly 4 billion USD alone last year. This article aims at analyzing the legal aspects concerning the Switzerland based ICO vehicles. At first, the ICO process shall be described and the international context briefly explained. Further, it explains why Swiss law and the Swiss financial center are advantageous to the implementation of ICOs compared to other countries. Finally, the authors discuss the legal form, critically questioning the choice of the (non-profit) foundation.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||Center for Enterprise Law (ZUR)|
|Appears in collections:||Publikationen School of Management and Law|
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Naskar, A., & Pasquier, B. (2018). The Tale of Swiss ICO foundations. Aktuelle Juristische Praxis, 2018(1), 89–94.
Naskar, A. and Pasquier, B. (2018) ‘The Tale of Swiss ICO foundations’, Aktuelle juristische Praxis, 2018(1), pp. 89–94.
A. Naskar and B. Pasquier, “The Tale of Swiss ICO foundations,” Aktuelle juristische Praxis, vol. 2018, no. 1, pp. 89–94, Jan. 2018.
Naskar, Arnab, and Bruno Pasquier. “The Tale of Swiss ICO Foundations.” Aktuelle Juristische Praxis, vol. 2018, no. 1, Jan. 2018, pp. 89–94.
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