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Wednesday

30 September 2020

Swiss Authorities Update Financial Regulations to Foster Crypto Growth

Swiss Authorities Update Financial Regulations to Foster Crypto Growth


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The Switzerland parliament has greenlighted legislation to update the nation’s existing corporate and financial laws to incorporate cryptocurrency and the underlying distributed ledger technology (DLT), according to reports on September 11,2020.

Per sources close to the latest development, on September 10, 2020, the Swiss parliament successfully updated its legal code and passed a vast array of financial and corporate laws that could open the country’s doors to decentralized finance (DeFi) and more.

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