The Swiss DLT regulatory framework crosses the finishing line (December 2020)

Foreword: METI Advisory wrote this report for SEBA Bank AG. Abstract: During the past few months, the Swiss Parliament endorsed the Federal Act adapting federal laws to distributed ledger technologies (DLTs). The project began in late 2018, and the Swiss Federal Council (FC) adopted the dispatch on the framework conditions for DLTs in November 2019. The FC initiated the consultation on adapting various ordinances on 19 October 2020. The consultation ends on 2 February 2021, as does the process of fundamental adaptation of the Swiss legal framework to DLTs. At that point, Switzerland will feature a comprehensive and articulated DLT regulatory framework. Realised through the adaptation of existing laws, as opposed to introducing a dedicated Act, this framework would offer entrepreneurs, investors, and consumers the highest regulatory certainty in the blockchain space, adding to the traditional attractiveness of Switzerland as an innovation and entrepreneurs-friendly jurisdiction in the global economy.