On Friday the Swiss Federal Council published a
report on blockchain, distributed ledger technology (DLT) and the law. The conclusion is that Switzerland’s legal framework works well with new technologies, but some small adjustments are required.
The aim is to explore additional legislation to cover a small number of areas. For example, there’s a need to increase the level of legal certainty over the transfer of rights using digital registers. Another is to adapt financial market law for blockchain-based financial market infrastructures.
There are plans formalize current Anti-Money Laundering (AML) practices explicitly for decentralized trading platforms. Finally, insolvency and banking laws will be adapted to deal with bankruptcy that involves crypto-assets.
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