{"id":2346,"date":"2024-04-02T14:08:37","date_gmt":"2024-04-02T12:08:37","guid":{"rendered":"https:\/\/new.blockchainfederation.ch\/index.php\/publications\/"},"modified":"2026-03-15T19:13:20","modified_gmt":"2026-03-15T18:13:20","slug":"publications","status":"publish","type":"page","link":"https:\/\/blockchainfederation.ch\/en\/publications\/","title":{"rendered":"Publications"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1em6z-42aa2676047dd8636484b6820a566456\">\n.avia-section.av-1em6z-42aa2676047dd8636484b6820a566456{\nbackground-color:#d6d1cb;\nbackground-image:unset;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-1em6z-42aa2676047dd8636484b6820a566456 main_color avia-section-default avia-no-border-styling  avia-builder-el-0  avia-builder-el-no-sibling  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2346'><div class='entry-content-wrapper clearfix'>\n<div  class='flex_column av-bur37-36b6d9c4b5d29f5c2508aa823aae3870 av_one_full  avia-builder-el-1  el_before_av_timeline  avia-builder-el-first  first flex_column_div  '     ><section  class='av_textblock_section av-luighlgj-20d541682ae4749cda3ca4040891f2ff '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h1>Publications of the Swiss Blockchain Federation<\/h1>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-sub-av-luibhdj2-9ae230a2ec75dd86b7a963599ef109b5\">\n.avia-timeline-container .av-milestone.av-mms2n30c-30c28e03b2c0e16ba8a7651cf64a57dc 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.av-milestone-icon-inner{\nbackground-image:url(https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/hector-j-rivas-1FxMET2U5dU-unsplash-scaled.jpg);\n}\n.avia-timeline-container .av-milestone.av-lyfin8vj-1b467fbf8cd979b2da3a12cac543fe6d .av-milestone-icon-inner{\nbackground-image:url(https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/07\/trading-7181177_1280.jpg);\n}\n.avia-timeline-container .av-milestone.av-luicrn6t-0f3b45ffc97a65b28648c7ef87a4b477 .av-milestone-icon-inner{\nbackground-image:url(https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/ansgar-scheffold-0eEbHHyMFIY-unsplash-300x200.jpg);\n}\n.avia-timeline-container .av-milestone.av-luicvkok-decf491f30190ae5631a88c1f02d1fb8 .av-milestone-icon-inner{\nbackground-image:url(https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/austin-distel-DfjJMVhwH_8-unsplash-300x201.jpg);\n}\n.avia-timeline-container .av-milestone.av-m8q029g2-dd71e6467a485854fd98e0ea69869d6d .av-milestone-icon-inner{\nbackground-image:url(https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-26-150533.png);\n}\n<\/style>\n<div  id=\"avia-timeline-1\"  class='avia-timeline-container av-luibhdj2-9ae230a2ec75dd86b7a963599ef109b5 av-slideshow-ui  avia-builder-el-3  el_after_av_one_full  avia-builder-el-last ' ><ul class='avia-timeline avia-timeline-vertical av-milestone-placement-left avia-timeline-boxshadow avia_animate_when_almost_visible avia-timeline-animate'>\n<li  class='av-milestone av-mms2n30c-30c28e03b2c0e16ba8a7651cf64a57dc av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-16-march-2026'><strong>16 March 2026<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Digital Assets - Tax Framework Review Switzerland 2026<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2026\/03\/SBF-Digital-Assets-Tax-Framework-Review-Switzerland_en.pdf\" target=\"_blank\" rel=\"noopener\">Download paper<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-mll1slvd-9d02ed4bfacb543621bf98aa94b4236a av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-13-february-2026'><strong>13 February 2026<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Digital Assets - Tax Assessment<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2026\/02\/SBF-Digital-Assets-steuerliche-Standortbestimmung.pdf\">Download paper (in German)<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-miwzqc9q-1bc8c6b03b40dadb3159c62865b6d0f3 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-9-december-2025'><strong>9 December 2025<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Position Paper on the FINIG Revision<\/h4><\/header><div class='av-milestone-content'><div>Download the Position Paper on the FINIG Revision (all documents are in German):<\/div>\n<div><\/div>\n<div>\n<ul>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/FINIG-VNL.pdf\" target=\"_blank\" rel=\"noopener\">Letter to the Federal Council<\/a><\/li>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/FINIG-VNL-Anhang-1-Bemerkungen.pdf\" target=\"_blank\" rel=\"noopener\">Appendix 1: Comments<\/a><\/li>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/FINIG-VNL-Anhang-2-Taxonomie.pdf\" target=\"_blank\" rel=\"noopener\">Appendix 2: Taxonomy<\/a><\/li>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/FINIG-VNL-Anhang-3-Kaskade.pdf\" target=\"_blank\" rel=\"noopener\">Appendix 3: Authorization Cascade and Regulatory Landscape<\/a><\/li>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/FINIG-VNL-Anhang-4-GwG.pdf\" target=\"_blank\" rel=\"noopener\">Appendix 4: Additional Concerns Regarding Anti-Money Laundering<\/a><\/li>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/FINIG-VNL-Anhang-5-Positionspapier-Bewilligungsverfahren.pdf\" target=\"_blank\" rel=\"noopener\">Appendix 5: Position Paper: Binding Deadlines for FINMA Authorization and Approval Procedures<\/a><\/li>\n<li><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/12\/Summary_Position-on-the-Draft-FinIA_EN.pdf\">Summary Position on the Draft FinIA EN<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-mdfp9eyg-721eebec7255bb1a288df2c401837e16 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-22-july-2025'><strong>22 July 2025 <span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on the protection of personal and financial data when dealing with crypto-based assets<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/07\/SBF_Zirkular-zum-Schutz-personenbezogener-und-finanzieller-Daten-im-Umgang-mit-kryptobasierten-Vermoegenswerten_20250718.pdf\" target=\"_blank\" rel=\"noopener\">Download circular (in German)<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-mb7mu8f2-f56fd060e48f2a8e80e245b5f45ea3c5 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-28-may-2025'><strong>28 May 2025<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on Staking - updated version<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/05\/SBF-Zirkular-2023_01_Staking-v3.0_Final.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-mab7885w-6326e5c6e4cfb3efd0fadecc623f4860 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-6-may-2025'><strong>6 May 2025<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>12-Point Program to Strengthen Switzerland as a Financial Hub<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/05\/SBF_Manifest_EN.pdf\">Download 12-Point-Program<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-madxt56q-a0d066525cbe0eeb06686cf9ed108bd0 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-march-2025'><strong>March 2025<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on Decentralized Finance (DeFi): Framework for the legal classification of DeFi and related activities under Swiss financial market law<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/11\/20250318-SBF-Circular-DeFi-final_EN.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-mhkdvdzz-fa19cc23f25b598183b486283f5ee52e av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-february-2025'><strong>February 2025<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Liquidity in the Swiss Security Token Market<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/11\/SBF-Liquidity-Paper-final_EN.pdf\">Download Liquidity Paper<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-m2dbjwhy-982364681db6ad908d1d097c91787b19 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-october-2024'><strong>October 2024<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Modification de la loi sur l\u2019infrastructure des march\u00e9s financiers (FinfraG) : Consultation<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/10\/20241010_Vernehmlassung-FinfraG_Swiss-Blockchain-Federation.pdf\" target=\"_blank\" rel=\"noopener\">Download the consultation<\/a>\u00a0(in German only)<\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-m2bw0mz9-472ea424e336cb21ccd20184d154104d av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-august-2024'><strong>August 2024<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Consultation Carf<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/10\/CARF_Vernehmlassung-SBF.pdf\">Donwload the CARF Consulation<\/a>\u00a0(in German only)<\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-lvuzv728-3a61c9c6953b47cb5132b8b95f463128 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-14-march-2024'><strong>14 March 2024<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Updated circular on staking<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/08\/SBF-Zirkular-2023_01_Staking-Updated-Version_en_final-1.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luibekhf-1a49c1c493b1c2431e1325f5b62fb0f1 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-23-january-2024'><strong>23 January 2024<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Position paper on the Basel crypto standard<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/new.blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/SBF_BCBS-Crypto-Standard_PUB.pdf\" target=\"_blank\" rel=\"noopener\">Download position paper<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luibkg32-268983b6103a65890139fa415d1ce576 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-5-january-2023'><strong>5 January 2023<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on staking<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/new.blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/Zirkular_Staking_2023-1.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luibn717-7a44eb8f26a3851745448be04bfef82c av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-4-april-2023'><strong>4 April 2023<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on non-fungible tokens<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/new.blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/Zirkular-2023_01-Non-Fungible-Tokens.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luibx1z1-df50a843cadfaedc4ee0ae8db780a5ea av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-january-2023'><strong>January 2023<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Policy Paper on Liquidity<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/11\/230911_SBF_Liquidty-in-Markets-for-Security-Tokens.pdf\" target=\"_blank\" rel=\"noopener\">Download policy paper<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luic36yd-5da91cef26091dd6fc380494e1de62dc av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-october-2021'><strong>October 2021<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on tokenized equity<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/new.blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/Zirkular-2023_01-Non-Fungible-Tokens.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-lyeny4ub-dcfdaf9214cdedeee7b5cfcdb460b069 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-september-2021'><strong>September 2021<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular: Secondary Markets for Security Tokens<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/07\/SBF-2020-01_Secondary_Markets_for_Digital_Securities_2021-10-12.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-lyfin8vj-1b467fbf8cd979b2da3a12cac543fe6d av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-september-2021'><strong>September 2021<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular: Ledger-based Securities<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2024\/07\/SBF-2021-01-Ledger_Based_Securities_2021-10-12.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luicrn6t-0f3b45ffc97a65b28648c7ef87a4b477 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-18-june-2021'><strong>18 June 2021<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>DLT legislation<\/h4><\/header><div class='av-milestone-content'><p>The Swiss Blockchain Federation actively participated in the consultation process and welcomes this step. You can download the entire ordinance <a href=\"https:\/\/www.fedlex.admin.ch\/eli\/oc\/2021\/400\/de\">here<\/a>.<\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-luicvkok-decf491f30190ae5631a88c1f02d1fb8 av-animated-generic fade-in av-milestone-valign-baseline av-milestone-even'><h2 class='av-milestone-date ' id='milestone-january-2021'><strong>January 2021<span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>Circular on register value rights<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/new.blockchainfederation.ch\/wp-content\/uploads\/2024\/04\/Zirkular-2021_01-Registerwertrechte.pdf\" target=\"_blank\" rel=\"noopener\">Download circular<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<li  class='av-milestone av-m8q029g2-dd71e6467a485854fd98e0ea69869d6d av-animated-generic fade-in av-milestone-valign-baseline av-milestone-odd'><h2 class='av-milestone-date ' id='milestone-april-2018'><strong>April 2018: <span class='av-milestone-indicator'><\/span><\/strong><\/h2><div class=\"av-milestone-icon-wrap\"><span class='av-milestone-icon milestone_icon milestone-icon-hasborder'><span class='av-milestone-icon-inner milestone_inner'>&nbsp;<\/span><\/span><\/div><article class='av-milestone-content-wrap'><div class='av-milestone-contentbox'><header class=\"entry-content-header\"><h4 class='av-milestone-title '>White Paper of the Blockchain Taskforce<\/h4><\/header><div class='av-milestone-content'><p><a href=\"https:\/\/blockchainfederation.ch\/wp-content\/uploads\/2025\/03\/Blockchain-Taskforce-White-Paper_English-Version.pdf\">Download the White Paper of the Blockchain Taskforce<\/a><\/p>\n<\/div><\/div><footer class='av-milestone-article-footer entry-footer'><\/footer><\/article><\/li>\n<\/ul><\/div>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2346'><div class='entry-content-wrapper clearfix'>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2346","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - 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