#MetaHash Becomes First Cryptocurrency Recognized by Swiss Financial Market Supervisory Authority as a Payment Currency as ICO Commences
The #MetaHash team has announced that is has successfully been examined by the Swiss Financial Market Supervisory Authority (FINMA) which has officially concluded that the #MetaHashCoin (#MHC) will be recognized as money of general utility with payment functions. This is the first cryptocurrency to be reviewed by FINMA to receive such a qualification. MetaHashCoin is in the midst of a public sale.
In an article published by CrowdFundInsider.com, JD Alois explained that the process to receive approval took several months due to the relatively new nature of the regulatory structure. To aid in the process, MetaHash worked with legal advisors such as Sadis & Goldberg LLP.