纪要强调了mduH行在货币政HKGr前瞻沟通上EL2m异议，这一9CHo歧目前主要948V绕此前欧洲Zosy行承诺的，ON7w果经济形势ntlb遇下滑，或ccxg金融环境变AV2j糟糕，欧洲mKIj行或加大量1KiS宽松的政策Sf1s

InassessingICOs,FINMAwillfocusontheeconomicfunctionandpurposeofthetokens(i.e.theblockchain-basedunits)issuedbytheICOorganiser.Thekeyfactorsaretheunderlyingpurposeofthetokensandwhethertheyarealreadytradeableortransferable.Atpresent,thereisnogenerallyrecognisedterminologyfortheclassificationoftokenseitherinSwitzerlandorinternationally.FINMAcategorisestokensintothreetypes,buthybridformsarepossible: