19.06.2020 – The Federal Council wants to further improve the framework conditions for companies in the area of blockchain and distributed ledger technology (DLT). On 14 December 2018, it published a report on the legal framework for blockchain/DLT in the financial sector. The report shows that Switzerland's legal framework is well suited to dealing with new technologies, including blockchain. Nevertheless, there is still a need for selective adjustments. Against this background, the Federal Council initiated the consultation on the adaptation of federal law to developments in distributed ledger technology on 22 March 2019, and adopted the corresponding dispatch and bill on 27 November 2019. With this proposal, the Federal Council wants to increase legal certainty, remove hurdles for DLT-based applications and limit risks of misuse.

In December 2018, the Federal Council also noted the analysis of an interdepartmental working group on the money laundering and terrorist financing risks posed by crypto assets. The corresponding report was also published on 14 December 2018.

According to the Federal Council's report of 19 June 2020, no specific blockchain legislative amendments are needed in tax law.


Press conferences - 14.12.2018

Media seminar - 14.12.2018


In-depth insight into blockchain report at media seminar

The blockchain report was presented to interested media professionals and industry representatives not only in Bern, but also in Zug. With its Crypto Valley, Zug is one of the leading Swiss blockchain locations. Jörg Gasser, State Secretary for International Finance, Michael Manz, Deputy Head of the Financial System and Markets Division, and Arie Gerszt, Deputy Head of Capital Markets and Infrastructure, provided an in-depth insight into the technical finesse and subtleties of the report at the media seminar. The visit to the heart of the Crypto Valley underscored the relevance of blockchain technology and its impetus for the Swiss economy. As explained by Jörg Gasser, the report is intended to send a signal to the outside world that Switzerland is not only open to blockchain technology, but also wants to make active use of it.

The recorded media seminar can be found at the link below.

Last modification 19.06.2020

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