In Switzerland, the end of 2018 and beginning of 2019 saw a
number of legal developments regarding fintech (in particular the
introduction of a new regulatory licence type for financial
innovators) and the use of distributed ledger technology (DLT) in
financial services. The latest step taken by the Swiss federal
government towards strengthening Switzerland's position as a
leading DLT hub is a legislative proposal covering various areas of
law and regulation with the goal to facilitating the use of DLT by
businesses and enhancing legal certainty while limiting the risks
of the technology being abused for fraudulent or other undesirable
purposes.
On March 22 2019, the Swiss Federal Council presented a
preliminary draft of a new law for public consultation, the
so-called Federal Act on the Amendment of Federal Laws in light of
the Developments regarding DLT (Bundesgesetz zur Anpassung des
Bundesrechts an Entwicklungen der Technik verteilter elektronischer
Register –
