New rules for digital assets have been proposed by the Federal Council in its Dispatch to the Parliament of 27 November 2019 in Switzerland. This contribution provides a brief overview of the big picture, the key legal amendments related to distributed ledger technology, as well as the latest adjustments to the draft of the DLT-Rules of 27 November 2019 in comparison to the Preliminary Draft of 22 March 2019. Further, the impact of the new rules on market participants is discussed.

The Association’s Vice President and head of the Advocacy Committee, Luca Bianchi, published this article in CapLaw, which provides a comprehensive introduction to the new rules for digital assets in Switzerland.