Switzerland adopts new blockchain and DLT rules 

Monday 21 June 2021 12:49 CET | News

The Swiss Federal Council has announced adopting new rules for blockchain and the distributed ledger technology industry (DLT).

The second part of a legislative package passed by the Swiss parliament in 2020, including ordinance provisions, into force. This should increase legal certainty in insolvency law with a regulation on the segregation of crypto-based assets in the event of bankruptcy.

According to the State Secretariat for International Financial Matters (SIF), this package is a financial market infrastructure for DLT securities which, in addition to financial intermediaries, allows other companies and persons to trade.

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Keywords: cryptocurrency, regulation, blockchain, distributed ledger technology
Categories: DeFi & Crypto & Web3
Countries: Switzerland
This article is part of category

DeFi & Crypto & Web3