Switzerland is therefore one of the first countries in Europe to plan to adapt its legislation to developments in the technology of distributed electronic registers. The aim of the new legislation is to create the legal basis for Switzerland to further develop its position as a leading, innovative and sustainable location for block chain/distributed ledger technology (DLT) companies. The legislation project was launched in December 2018 with a report on the legal framework for block chain and DLT in the financial sector. On November 27, 2019 the Swiss Federal Council just published the project on the adaption of the federal law to developments in the distributed ledger technology.
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