New Swiss laws provide solid ground for blockchain and crypto

[Lenipiw]

Crypto and blockchain get better legal clarity in the alpine country. Swiss parliamentarians on Thursday passed a new set of finance and corporate law amendments that recognize the blockchain and cryptocurrency industry.

As per a Swiss Info report, the government has amended several laws ranging from company bankruptcy to securities trading.

The new set of laws define the legalities of exchanging digital securities and also the legal process of reclaiming digital assets from companies that go bankrupt. It further defines the legal requirements for running cryptocurrency trading exchanges such that it may mitigate the risks of money laundering using cryptos.
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