Cardano Is A Promissing DLT, Swiss Draft Law Says

Cardano Is A Promissing DLT, Swiss Draft Law Says

September 10, 2020

Cardano has been making headlines a lot lately, despite the global crisis and the projects of the team continue to pop up in the news.

It’s been revealed that there’s another successful achievement that’s been just hit.

As you probably know by now, Switzerland is regarded as a pioneer and blockchain hub in the heart of Europe.

More than that, the country has already been able to attract renowned figures in the crypto industry such as the Ethereum foundation, as the online publication Crypto News Flash notes.

It’s been revealed that in the opinion of the Swiss Confederation, there are still some legal loopholes that need to be addressed in order to consolidate and further expand the leading role in the blockchain / distributed ledger sector.

Swiss Confederation says that Cardano is a promising option

The same online publication mentioned above notes that the consortium has already submitted a draft to the Federal Council in March 2019 in order to adapt federal law to developments in the technology of distributed electronic registers.

The proposal was received with open arms and the laws will be adapted on this basis.

It’s been also reported that the Federal Council would like to enhance more the conditions so that the country can effectively exploit the opportunities that come with the digital era.

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Empowering developers to produce next generation decentralized applications in order to build a more free and trustworthy Internet.

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