Swiss DLT Law: Unlocking Innovation in Digital Asset Trading cryptopolitan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cryptopolitan.com Daily Mail and Mail on Sunday newspapers.
Federal Council brings part of DLT bill into force The Federal Council Bern, 11.12.2020 - During its meeting on 11 December 2020, the Federal Council brought into force, with effect from 1 February 2021, the parts of the DLT bill that enable ledger-based securities to be introduced. In addition, from that date, the ombudsman affiliation requirement will apply only to those financial service providers that serve private clients.
In September 2020, Parliament adopted the Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology (DLT bill). This blanket act will adapt various federal laws such that Switzerland can continue to develop as a leading, innovative and sustainable location in the blockchain and DLT area.