Regulation of crypto-assets: Switzerland aims at technological neutrality ; Régulation des crypto-actifs : la Suisse vise la neutralité technologique

Abstract

Switzerland definitively adopted, on 25 September 2020, a law adapting its federal law to distributed ledger technology (DLT). As the European Commission had just tabled its own proposal for a legislative package on crypto-assets the day before, the scheme devised by Switzerland, not constrained by EU law but with a sophisticated financial market, deserves consideration. ; Switzerland definitively adopted, on September 25, 2020, a law adapting its federal law to distributed ledger technology (DLT). While the European Commission had just presented, the day before, its own proposal for a legislative package on crypto-assets, the framework designed by Switzerland, a country not constrained by European law, but endowed with a sophisticated financial market, deserves an exam. ; Switzerland definitively adopted, on 25 September 2020, a law adapting its federal law to distributed ledger technology (DLT). As the European Commission had just tabled its own proposal for a legislative package on crypto-assets the day before, the scheme devised by Switzerland, not constrained by EU law but with a sophisticated financial market, deserves consideration. ; La Suisse a adopté définitivement, le 25 septembre 2020, une loi d'adaptation de son droit fédéral à la technologie des registres distribués (TRD). Alors que la Commission européenne venait de déposer, la veille, sa propre proposition d'un paquet législatif sur les crypto-actifs, le dispositif conçu par la Suisse, non contrainte par le droit européen, mais dotée d'un marché financier sophistiqué, mérite un examen.