Switzerland wants to respect Cryptocurrencies and comes up with a new “Blockchain Act”

Switzerland wants to respect Cryptocurrencies and comes up with a new “Blockchain Act”

The Swiss Senate accepted today a comprehensive set of reforms concerning the new law on blockchain and cryptocurrencies.


10 Sep 2020 , 19:33 @ Katie Müller

Switzerland wants to respect Cryptocurrencies and comes up with a new “Blockchain Act”

The Swiss Senate accepted today a comprehensive set of reforms concerning the new law on blockchain and cryptocurrencies.

After today, Switzerland is becoming a country that opens the door to decentralized financing and cryptocurrencies. We have just recently written to you about the fact that Switzerland’s canton of Zug will make it possible to pay taxes in cryptocurrencies, and today we have another positive news.

According to information provided by swissinfo, parliamentarians of the senate were to adopt the so-called “Blockchain Act” today, which is likely to enter into force early next year. This change in legislation should be more favorable to all companies involved in decentralized financing, and shares of these digital companies could also be created.

Heinz Tännler, President of the Swiss Blockchain Federation said:

As of next year, Switzerland will have a regulatory framework that is among the most advanced in the world,

Switzerland is also responding to the growing trend in this way, as confirmed by the 900 blockchain companies that have been established in recent years and employ around 4,700 people.

Read also: Crypto ATMs in Germany must obtain a license from BaFin

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