Swiss blockchain regulations set for an overhaul

The Swiss blockchain regulations are set for an overhaul as the Swiss federal government has submitted a revised plan regarding the same to the country’s parliament. The document aims to amend the current archaic laws related to blockchain and distributed ledger technology (DLT). These old rules have led to a stagnation in the blockchain innovation industry. The Federal Council, during its meeting on 27th November 2019 has agreed to adopt a plan that proposes changes in the legislative framework related to blockchain technologies. In the words of the federal finance department of Switzerland, this plan will work towards eliminating the