Securities and Exchange Commission indicated that it could have the authority to apply federal securities law to ICOs. The SEC did not state that all blockchain tokens would necessarily be considered securities, but that determination would be made on a case-by-case basis. In November 2018, Zaslavskiy pleaded guilty to charges that carry a term of up to five years imprisonment.
ICOs, or more specifically tokens, can be called a variety of names, but merely calling a token a “utility” token or structuring it to provide some utility does not prevent the token from being a security. The assets are https://allcoinss.com backed by a bank guarantee issued by a Swiss bank. For buying and selling CryptoFranc, refer to the exchanges listed here. The main purpose of the CryptoFranc is to serve as a means of payment for the Swiss blockchain ecosystem as a transactional currency.
