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Switzerland's Government Passes Plan To Parliament To Remove Blockchain's Legal Barriers

Janelle Fox

Summary: Switzerland’s federal government is passing a revised plan to parliament to get rid of the legal hurdles that are slowing up innovation based on blockchain and distributed ledger technology. On Nov. 27, the Federal Council approved a proposal to adapt legislative framework to better suit the emerging technology. The new legislation proposes amendments to nine ...

Switzerland’s federal government is passing a revised plan to parliament to get rid of the legal hurdles that are slowing up innovation based on blockchain and distributed ledger technology.

On Nov. 27, the Federal Council approved a proposal to adapt legislative framework to better suit the emerging technology. The new legislation proposes amendments to nine federal acts across civil and financial market law, according to the announcement.

By Janelle Fox

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