DLT consultation (“Blockchain Law”)

The Federal Council has published the results of the consultation on the “Federal Act on the Adaptation of Federal Law to Developments in the Technology of Distributed Electronic Registers”. Conclusion: A barrel full of contradictions without a clear concept, no technology neutrality but also insufficient control or minimum requirements, in short a patchwork. Interestingly, the security community did not get involved, apparently they unfortunately overlooked this, otherwise there would have been much more criticism.

At least the right of access to data in bankruptcy is a component. Link


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