Switzerland: Federal Council Adopts Report on Legal Framework for Blockchain and DLT

On December 14, 2018, the Federal Council adopted a report on a legal framework for blockchain and distributed ledger technology (DLT) in the financial sector in Switzerland. The report focuses on selected legal aspects under civil law, the requirements under financial market law and the legal provisions for combating money laundering and terrorist financing, as well as the consequences of this legal framework for all DLT and blockchain business models in the financial sector.

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