730 years of Switzerland in the name of blockchain technology

The Federal Council put the TRD Act into full force on August 1 and issued the Ordinance on the Development of Distributed Registry Technology

At its meeting on June 18, 2021, the Federal Council of the Swiss Confederation enacted the Federal Law on the Adaptation of Federal Law to the Development of Distributed Register Technology, effective August 1, 2021.
The corresponding umbrella ordinance will also enter into force on the same date. These legal acts enable the use of innovative TRD trading systems and increase legal certainty in the event of bankruptcy.

Umbrella law will adapt Swiss law to blockchain

In September 2020, the House passed the Distributed Register Technology (TRD) umbrella bill, which makes specific adjustments to ten federal laws.
The umbrella ordinance passed today contains the necessary adjustments to ten ordinances. It improves the conditions for companies active in the field of blockchain and TRD in Switzerland.

Verordnung zur Anpassung des Bundesrechts an Entwicklungen der Technik verteilter elektronischer Register
Verordnung des Bundesrates zur Anpassung des Bundesrechts an Entwicklungen der Technik verteilter elektronischer Register
Vernehmlassungsverfahren zur Verordnung zur Anpassung des Bundesrechts an Entwicklungen der Technik verteilter elektronischer Register

Regulatory Leadership in Innovative Financial Technologies

Switzerland is now one of the first countries in the world with modern legislation for innovative financial market technologies.

Blockchain Act unanimously approved in Liechtenstein

One of the central changes that will come into effect on August 1, 2021, the day the Swiss Confederation will turn 730 years old, is the authorization of TRD trading systems.
This is a type of financial market infrastructure for TRD securities trading that, in addition to financial intermediaries, can admit other firms and persons to trade.

Ordonnance sur l’adaptation du droit fédéral aux développements de la technologie des registres électroniques distribués 
Ordonnance du Conseil fédéral sur l’adaptation du droit fédéral aux développements de la technologie des registres électroniques distribués
Procédure de consultation relative à l’ordonnance sur l’adaptation du droit fédéral aux développements de la technologie des registres électroniques distribués

More rights and more certainty for creditors in the event of insolvency

The explicit regulation of the claiming of crypto assets from the bankruptcy estate in the event of bankruptcy increases legal certainty in insolvency.

Debates on the Web and Digitization at the next “Swiss IGF”

On February 1, 2021, the decided changes to the Code of Obligations, among others, already came into force, which allowed for the introduction of valuable rights in a blockchain.
These provisions did not necessitate any adjustments at the ordinance level.

Ordinanza sull’adeguamento del diritto federale agli sviluppi della tecnologia di registro distribuito
Ordinanza del Consiglio federale sull’adeguamento del diritto federale agli sviluppi della tecnologia di registro distribuito
Procedura di consultazione concernente l’ordinanza sull’adeguamento del diritto federale agli sviluppi della tecnologia di registro distribuito