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Swiss Executive Branch Calls for Improved Regulations for Blockchain

Published 11/27/2019, 08:28 AM
Updated 11/27/2019, 10:01 AM
Swiss Executive Branch Calls for Improved Regulations for Blockchain

The Federal Council of Switzerland — the country’s executive governing body — has called for a better regulatory framework for blockchain and distributed ledger technology (DLT) in the country.

According to an official announcement released on Nov. 27, the Federal Council adopted a dispatch explaining its priorities for improving blockchain and DLT legislation. The proposal targets legal certainty in the sector, as well as eliminating barriers for blockchain-based applications and reducing the risk of abuse.

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