FINMA Finds $90 Million of ICO as Illegal

FINMA Finds $90 Million of ICO as Illegal

The financial watchdog of Switzerland, Financial Market Supervisory Authority (FINMA) have discovered that the company behind the $90 million initial coin offering (ICO) turns out to be illegal. In its statement the Envion AG has accepted more than $91 million from 37,000 investors in exchange for bond-like tokens issued without a license.

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