Legal & Regulatory Intelligence
Fundierte Einordnungen zu Entwicklungen, die den Schweizer Finanzplatz bewegen. Jeder Beitrag trennt Rechtsstatus, Aufsichtspraxis und praktische Entscheidungsfragen.
Aktuelle Beiträge zu rechtlichen und regulatorischen Entwicklungen im Schweizer Finanzmarkt.
27 BeiträgeFor RWA tokens, the rights in the underlying asset, their status as securities and the offering, trading and custody arrangements determine their legal treatment.
NFTs are not automatically unregulated. The rights represented, any payment or investment function and the specific form of distribution are decisive.
Stablecoins are assessed on a case-by-case basis in Switzerland. Deposit law, anti-money laundering obligations, guarantees and the specific structure are central.
For DeFi in Switzerland, the principle is: same risks, same rules. The activity, economic control and ability to identify operators are central.
Which authorisation a crypto business model requires and why duration and costs cannot be estimated responsibly as a fixed amount.
The crypto label is not decisive; the specific activity is. Trading, custody, client funds, financial instruments and distribution must be assessed separately.
FINMA distinguishes between payment, utility and asset tokens. Their economic function, structure and transferability are decisive.