Blockchain Legislation
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The Swiss DLT Act: How Switzerland Legalised Tokenised Securities
Switzerland's DLT Act, effective February 1, 2021, created something that had not existed anywhere in the world: a statutory legal framework for securities that exist only on a blockchain. The Act amended eight federal statutes, created a new DLT securities category, reformed insolvency law for crypto assets, and established the DLT trading facility licence. It remains the most comprehensive blockchain-specific legislation in any major financial jurisdiction.