Virtual currencies pose new challenges for regulators, supervisory authorities and legislators. At the level of the European Union, the fight against money laundering in the field of virtual currencies is currently being promoted with the fifth money laundering regulation. In Switzerland, actors in the field of cryptocurrencies are already subject to money laundering regulations. The Swiss Financial Market Supervisory Authority FINMA has chosen a more general approach compared to the EU, in which not only payment tokens, but also investment and utility tokens and mixed forms of these are to be regulated more clearly. Furthermore, the administrations of the European Union and Switzerland intend to use the potential for added value that could result from the application of blockchain technologies.

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