Blockchain / DLT / FinTech
Blockchain is changing the world as we watch. Consequently, more and more processes can take place without the participation of public trust institutions, directly between the parties of transactions and the world is closer than ever to becoming a cashless community.
On 1 August 2021, the Federal Act on the Adaption of Federal Law to Developments in the Technology of Distributed Electronic Register (DLT Act) as well as the associated Ordinance come fully into force. This modern regulation of innovative financial market technologies allows Switzerland to remain a leading, innovative and sustainable location for Fintech companies.
The Swiss Parliament approved the new regulations for Distributed Ledger Technology (DLT Framework). They will enter into force within the next months.