Distributed Ledger Technology: Switzerland as a pioneer

The Swiss Parliament approved the new regulations for Distributed Ledger Technology (DLT Framework). They will enter into force within the next months.

With this step, Switzerland becomes even more popular as a jurisdiction for enterprises in the fields of DLT like Blockchain.

The new regulations will increase legal certainty in civil law, insolvency law and anti-money laundering regulation and reduce the risk of abuse.

To summarize the most important changes:

• New license type for trading venues in (Security) Token Exchanges
• Clearer regulations for Custody Service Provider
• Civil law concept for Security Token Issuers

 

Do you have further questions? The HütteLAW team will be happy to advise you.

Author: Martin Hütte