Switzerland: Inclusion of crypto assets in scope of Swiss sanctions against Russia
Progress
Current status
in force
04 Mar 2022 in grace period
04 Mar 2022 in force
Scope
Implementers
Switzerland
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Adopted sanctions against Russia containing crypto assets freezing
The Swiss Federal Council has adopted the packages of sanctions imposed by the EU on Russia and Belarus as a response to the Russian intervention in Ukraine. The assets and economic resources of designated individuals and companies are frozen, inclu…
SourceEvent type
order
Action type
in force with grace period
Government branch
executive
Government body
central government
Implemented sanctions against Russia including freezing of crypto assets
On 4 March 2022, the Swiss Federal Council implemented the a law enacting the sanctions imposed by the EU on Russia and Belarus as a response to the Russian invasion of Ukraine. The assets and economic resources of designated individuals and compani…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government