Presentation Swiss Blockchain Federation
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Presentation «Crypto Nation Switzerland»
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Updated Circular on Staking
The Swiss Blockchain Federation has updated its Staking Circular to reflect FINMA’s supervisory notice on staking. You can download the updated circular here (German only).
Position paper on the Basel Crypto Standard
This position paper analyses the requirements and framework conditions for the adoption of the Basel Crypto Standard into Swiss law. You can download the position paper here (only available in German).
Policy Paper on Liquidity
The policy paper identifies ways in which liquidity can be created and promoted in the markets. Eight concrete recommendations are listed. You can download the policy paper here.
Circular on Staking
This circular is devoted to the consensus mechanism of staking. The innovation lies in the blocking or depositing of crypto-based assets in a proof-of-stake protocol and thus the proof-of-stake protocol and thus subjecting the assets to the relevant rules of the protocol. You can download the circular here (German only).
Circular on Non-Fungible-Tokens
This circular is devoted to questions about NFTs. What are NFTs in the first place and what are the examples of their use in Switzerland? What are the risks? What legal questions need to be clarified? The Digital Assets Working Group (NFT) has worked out these and many other questions and answered them in a circular. You can download the circular here (German only).
New DLT Legislation in Switzerland
As of August 1, 2021, the new DLT law fully entered into force in Switzerland. The Swiss Blockchain Federation closely accompanied the legislation process and welcomes these progressive framework conditions. The entire ordinance can be downloaded here (German only).
Circular on Tokenized Equity
On November 17, 2021, the Swiss Blockchain Federation has released a Circular on Tokenized Equity. In order to foster an ecosystem around digital assets, this Circular provides guidelines for issuers of such tokens under Swiss law, with the aim to establish best practices for security tokens with a focus on equity. The SBF plans to regularly update this Circular by taking into account the developments, and intends to add further Circulars for other financial instruments. Currently, this Circular does not answer any tax questions. The Circular can be downloaded here.
Circular on Ledger-Based Securities
On October 12, 2021, the Swiss Blockchain Federation has published a Circular on Ledger-Based Securities. It is an updated version of a Circular originally released at the beginning of 2021, incorporating first insights from life under the new DLT legislation in Switzerland. This update can be downloaded here: English | Deutsch
Circular on Secondary Markets for Security Tokens
On October 12, 2021, the Swiss Blockchain Federation has published a Circular on Secondary Markets for Security Tokens. It is an updated version of a Circular originally released in 2020, incorporating first insights from life under the new DLT legislation in Switzerland. This update can be downloaded here.
Circular on Ledger-Based Securities: Template for a Registration Agreement
On October 12, 2021, the Swiss Blockchain Federation has published a Circular on Ledger-Based Securities. In this context, experts active in the SBF working groups have created a so-called Registration Agreement. The template can be downloaded here.
Commentary on the FATF Draft Guidance on Virtual Assets and Virtual Asset Service Providers.
The Swiss Blockchain Federation has commented on the FATF draft guidance on a risk-based approach for virtual assets and virtual asset service providers.
You can download the submission here.
Consultation response to the DLT Ordinance
The Swiss Blockchain Federation has submitted its consultation response to the Ordinance on the Adaptation of Federal Law to Developments in Distributed Electronic Register (DLT) Technology. You can download it here (in German).
Press release to the DLT Ordinance (in German).
Statement on the consultation on DLT regulation
On May 16, 2019, the Swiss Blockchain Federation drafted its consultation draft on adapting federal law to developments in distributed electronic register technology in detail. You can download it here (in German).
Whitepaper Blockchain Taskforce
Achieving legal certainty within a reasonable period of time is the basic prerequisite for securing the major objective of the Taskforce, i.e. maintaining and enhancing the attractiveness and competitiveness of the blockchain site in Switzerland. To achieve this goal, four focus areas were identified, on the basis of which the working groups would later be formed: ICO/Tokens, Banking, Cybersecurity and Other application areas. Following the first meeting of the Taskforce on 12 January 2018, the members were assigned to the working groups. The experts of all working groups quickly agreed that the focus of activities should lie on the first two subject areas, ICO/Tokens and Banking, so that the urgent issue of legal certainty may be addressed with high priority.
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Position paper on the legal assessment of ICOs
The present position paper attends to the open central legal issues. It deals with the civil law transfer of tokens, the handling of tokens under the Money Laundering Act and the classification of tokens in securities and banking law. First, the position paper contains an analysis of the status quo. The assessment of the qualification of tokens under applicable law is shared by the authors of the position paper. The authorship represents stakeholders from law and science. Second, the position paper makes recommendations for a possible further course of action. These recommendations address various levels, notably desirable industry initiatives and regulatory action.
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