The Swiss Foundation Supervisory Authority has approved the legal structure of the Particl Foundation and its funding structure.
The foundation and its board will strictly function as an entity with the mission of providing funding and support for the Particl ecosystem, the continued development of the Particl network and academic, non-profit & for-profit development of enhancements for the Particl platform and privacy domain. The foundation will not govern nor make choices for the network itself, as the network will be governed in a decentralized manner by the native voting system directed by the network token holders themselves.
This long-awaited regulatory approval means the team is finalizing preparations for Mainnet launch, PART distribution and Proof of Stake network stability/security measures.