
The Swiss government does not intend to promote a specific law on new financial technologies based on so-called “blockchain”, shared digital ledgers (DLTs).
Unlike other countries such as Liechtenstein, Malta and Luxembourg, Switzerland does not want to regulate the technology itself with ad hoc rules, but rather the processes, limiting itself to guaranteeing companies operating in the sector the best possible conditions.
In practice, new technologies will have to be integrated into existing legislation so that these products provide the same prerogatives and certainties as traditional financial instruments.
Indeed, according to a report presented to federal authorities last week, legislators should address the legal certainty surrounding the transfer of rights through digital registers and the issue of intangible assets in insolvency proceedings.
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