Blockchain | DLT | FinTech

Crowdfunding, Digital Financial Services, E-Money, Value Cards, Digital Currencies, Bitcoin, Tokens

Your goals

The digital revolution has found its way to the financial services industry, disrupting traditional ways of doing business. The same way that Amazon has transformed traditional retail, an increasing number of blockchain (distributed ledger Technology | "DLT") and financial technology (fintech) companies are starting to re-invent the way the financial services industry is conducting business.

In order to successfully set up and operate blockchain or fintech services in Switzerland, regulatory burdens must be overcome and compliance obligations be met. Our team combines knowledge from a legal, tax and compliance perspective and assist you in the management of complex projects.

MME is a founding member of the Digital Finance Compliance Association (http://en.dfca.ch/) as well as the Crypto Valley Association (https://cryptovalley.swiss/).

We are also involved in the developement of the legislation in Switzerland. Watch e.g. our video about the Swiss C-Share, a project with regard to the first blockchain based share certificate, or listen to Dr. Luka Mueller, explaining the status of regulations and crypto in Switzerland.

Our services

MME has set up a team of technology, banking, corporate law, distribution, tax and AML experts jointly providing solutions and expertise for blockchain and fintech projects. Whether you are developing, procuring, or investing in these areas, we understand the opportunities and challenges your business can face. We have been supporting clients from across the full spectrum. New technologies, such as blockchain (distributed ledger Technology | "DLT"), are part of our daily business. This assures that our legal expertise is combined with a thorough technical understanding of the technology underlying our client's business models.

Our blockchain and fintech clients range from established international institutions to some of the world's most innovative startups with the potential to become market disrupters. Our experts remain in close contact with the authorities (e.g. FINMA or tax authorities) and are heavily involved in regulatory projects affecting the industry.

We may assist you in:

  • Setting up and operating blockchain applications (e.g. FIAT/DC und DC/DC exchange services, wallet services, colored coins, DOA's smart contracts, gaming applications)
  • Setting up payment, lending, personal finance and wealth management applications
  • Setting up crowdfunding applications and organizing token generating events (TGE)
  • Assist in entering into the Swiss and European market
  • Minimising the regulatory burdens for digital financial services
  • Dealing with FINMA and self-regulatory organisations
  • Setting up FINMA approved compliance schemes
  • Dealing with tax, VAT and customs authorities in order to set-up a cost-efficient business model
  • Incentives for R&D, IP and other business activities
  • E-Money, Digital Currencies and payment card services
  • Entering into a fintech partnership (partnership agreements, IT/IP and data ownership /licensing agreements, commercialisation strategies)
  • Big data issues, data protection and data security, management of cyber risks

Your team

Contact

In need of legal or tax advice? We look forward to contacting you.

From the magazine

Framework for Crypto Tokens

The current "Block 2" version of the "Conceptual Framework for Legal and Risk Assessment of Crypto Tokens" includes several amendments to the initial genesis version from September 2017. The Framework can be considered in all jurisdictions, regardless of national legal and regulatory frameworks.

Blockchain-Shares for Swiss SMEs

MME and Swisscom digitalize Swiss shares using the advantage of blockchain technology. This will provide non-listed companies with easy, economical access to the capital market. Daura AG, the newly founded joint venture, will launch its solution in 2018.

ICO Regulation in a Nutshell

In this video, Dr. Andreas Glarner, Partner at the MME Crypto Team, provides a high level overview on how Switzerland’s regulator FINMA assesses ICOs / TGEs based on the guidelines recently published.

FINMA Clears the Path for ICOs

The Swiss Financial Market Supervisory Authority FINMA has published guidelines, dated February 16, 2018, setting out how it intends to apply financial market legislations in handling enquiries regarding the applicable regulatory framework for initial coin offerings (“ICO”). The Guidelines complement FINMA’s earlier Guidance 04/2017, published on September 29, 2017.

How to declare bitcoins?

The declaration of bitcoins and other digital information units ("tokens") in the Swiss tax return is in practice still unclear. Our article (in German) provides some guidelines.

ICO Code of Conduct

Crypto Valley Association (CVA), the Swiss-based not-for-profit association supporting the development of blockchain and cryptographic related technologies and businesses, announced the launch of a Code of Conduct for Initial Coin Offerings (ICO).

All magazine reports

Publications

  • Prof. Dr. Andreas Furrer

    Die Einbettung von Smart Contracts in das schweizerische Privatrecht

    PDF

  • Prof. Dr. Andreas Furrer,

    Peter Henschel,

    Chris Gschwend

    Compliance Officers: - Smart Contracts, Blockchain and Export Control Compliance

    PDF

All publications