Switzerland’s framework for cryptoassets

Author: | Published: 8 Aug 2019

In March 2019, the Swiss federal government published a draft law on distributed ledger technology. The proposed rules aim to improve the legal framework for cryptoassets and DLT-based applications. Stefan Kramer and Urs Meier of Homburger take a look

The draft law was preceded by a report of the Swiss Federal Council on the legal framework for blockchain and distributed ledger technology (DLT) in the financial sector that was released in December 2018. The report was driven by an initiative to enhance innovation and allow Switzerland to evolve as a leading and sustainable location for DLT-based business models. The report concluded that Switzerland's legal framework is already well suited to deal with new technologies, including DLT, but also pointed out the need for selective action and improvements. The DLT draft law seeks to address a number of the points identified in the report....