Digital assets / crypto regulation

Digital assets include cryptocurrencies, tokenised rights, stablecoins, NFTs and other blockchain-based assets. Swiss regulation is technology-neutral in approach but focuses on economic function: payment use, investment character, claims against an issuer, collective investment features and custody arrangements. Legal duties may include financial-market authorisation, anti-money-laundering compliance, prospectus or offering rules, segregation of client assets, cybersecurity and tax reporting. Cross-border activity requires particular care because exchanges, wallets, issuers and users may be in different jurisdictions with different supervisory expectations.