The Swiss Senate has overwhelmingly approved legislation making it easier to use cryptocurrencies and decentralized finance.
The new legislation enables companies to create digital shares and other tradable assets.
The laws are expected to come into effect early next year.
Cryptocurrency-friendly Switzerland has passed wide-ranging legislation opening the door to cryptocurrencies and decentralized finance (DeFi); enabling companies to create digital shares, as well as a range of other tradable assets.
The financial and corporate law reforms, passed by parliamentarians today in the Swiss Senate, complement Switzerland’s so-called Blockchain Act, which received overwhelming approval in the House of Representatives last summer. It’s expected to come into force early next year.
The effect of the country’s new amended legal code is to welcome cryptocurrencies and blockchain technology into the mainstream.
Source : decrypt