Switzerland will implement the legal framework for the Blockadeade regulation in 2021

The Swiss Ministry of Finance began discussing a regulation that will introduce a legal framework for the regulation of the blocade and crypto industry at the state level in August 2021, according to a press release.

Discussions on the document between the cantons, political parties and interest groups will conclude on 2 February. The aim of the amendment package is to adapt the legislation to developments in block and cryptographic technology.

Previously, the legal provisions on the exchange of digital securities, the asset recovery procedure and the requirements for launching trading platforms were approved by the Senate and the House of Representatives.

In September, the University of Lugano and the University of Applied Sciences and Arts of Southern Switzerland established the Blockchain Technology Association to support and develop the blockchain.

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