Expert from the Federal Tax Service: Switzerland's new financial law will make the exchange of tokens safer.

On June 17, Switzerland adopted amendments to 12 financial laws.

The changes were requested by the Swiss Federal Commission with the aim of eliminating legal issues related to blockchain applications and the distribution of information technology.

Joel Weibel, communications expert for the Federal Tax Administration, said Swiss law should be legalized and open to the police for new technologies.

Weibel said that as far as the current situation is concerned, Swiss law is heavy, especially when it comes to token trading. All reimbursements must be made in writing, as with the normal contract. However, the new rules will make it easier to trade security tokens.