Software has become ubiquitous: it has reached almost all areas of industry and commerce. Artificial intelligence and machine learning in particular are game-changers – fueled by more data and faster hardware they show no signs of slowing down. Ever increasingly it is the software component of products and services which plays the decisive role in determining their success. In fact, a strong integration of software into your products can end up changing your business model.
The Swiss Financial Market Supervisory Authority FINMA (FINMA) published a supplementary guideline to the ICO guidelines February 16, 2019, where FINMA outlines on how it treats so-called ‘stable coins’ under Swiss financial market law. In addition, FINMA provides an indication on how it will apply the financial market laws to Libra, the crypto project initiated by Facebook.