Switzerland introduces comprehensive regulation of secondary markets in DLT security tokens

Switzerland is about to introduce the next generation of DLT legislation that ensures that it will keep its reputation as most DLT friendly nation in the world. As the DLT markets mature, the regulatory focus is shifting from primary markets to secondary markets. The new proposed Swiss legislation, subject to consultation until 28 June 2019 and likely to enter into force on 1 January 2020, is addressing one of the most important missing parts in the DLT regulatory infrastructure – the regulatory and legal framework of the secondary markets for security tokens.