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FINMACEO,MarkBransoncomments:"Theapplicationofblockchaintechnologyhasinnovativepotentialwithinandfarbeyondthefinancialmarkets.However,blockchain-basedprojectsconductedanalogouslytoregulatedactivitiescannotsimplycircumventthetriedandtestedregulatoryframework.OurbalancedapproachtohandlingICOprojectsandenquiriesallowslegitimateinnovatorstonavigatetheregulatorylandscapeandsolaunchtheirprojectsinawayconsistentwithourlawsprotectinginvestorsandtheintegrityofthefinancialsystem."