Jusletter IT

Federal Council wants to improve framework conditions for blockchain

  • Author: Jurius
  • Category of articles: News
  • Region: Switzerland
  • Field of law: Blockchain, FinTech and RegTech
  • Citation: Jurius, Federal Council wants to improve framework conditions for blockchain , in: Jusletter IT 23 May 2019
During its meeting on 7 December 2018, the Federal Council adopted a report on the legal framework for blockchain and distributed ledger technology (DLT) in the financial sector. The report shows that Switzerland’s legal framework is well suited to dealing with new technologies, including blockchain. Nevertheless, there is still a need for selective adjustments. The Federal Council also noted the analysis of an interdepartmental working group on the money laundering and terrorist financing risks posed by crypto assets.

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