Blockchain Technology and Cryptocurrencies

Digitalisation and Decentralisation

Please read the German version of a blog entry by our specialist and tax partner Dr. Mónika Molnár as PDF (PDF, 293 Kb) or online.

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Robo Advisor

In the investment advisory and asset management business, personal advice from the financial services provider has so far been the main focus. In the course of the omnipresent digitalization, this area is also experiencing the beginning of a new age. Banks, securities dealers, asset managers, investment advisors and also software developers, often start-ups, are increasingly offering their customers services controlled by artificial intelligence. The so-called "Robo-Advisor", which uses automated and algorithm-based methods to determine investment recommendations and, if necessary, also makes and executes investment decisions for the client, is opening up exciting new business models with not insignificant scaling potential. Especially in the field of virtual assets, such applications are currently emerging. However, the use of such software in a highly regulated area such as the financial market brings with it many questions, some of which are still unresolved from a regulatory perspective. Depending on the focus of the offering and the business model, providers of such services require a license from the Swiss Financial Market Supervisory Authority ("FINMA") or affiliation with a supervisory organization ("AO") or a self-regulatory organization ("SRO"). This article outlines the main features of the relevant financial market regulation and the questions that are currently open.

Parliament paves way for Blockchain

Switzerland should be able to develop further as a location for blockchain and distributed ledger technology (DLT). After the National Council, the Council of States has also approved changes to the law intended to improve the framework conditions for this industry.

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