Legal Framework for Tokenized Assets Issued by Swiss Crypto Valley Association

Blockchain Europe Switzerland

A paper featuring a legal framework for tokenized assets has been released by Switzerland’s Crypto Valley Association (CVA) with the aim of supporting lawmakers in creating “thoughtful and enforceable legal and regulatory frameworks.”

The Association’s president Oliver Bussmann said in a press release that“the issue of the legal and regulatory status of cryptocurrencies is currently the most pressing concern in our community,”

The paper places its main focus on “Blockchain Crypto Property” (BCP)  – “a digital information that contains all elements of a property right that is registered on a blockchain or in an alternative digital ledger, which can be transferred via protocol, that may carry out additional functions governed by a Smart Control System, following coded or manual input.”

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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