Virtual currencies pose new challenges for regulators, supervisory authorities and legislators. At European Union level, the fight against money laundering in the area of virtual currencies is currently being driven forward with the fifth money laundering regulation. In Switzerland, players in the cryptocurrency sector are already subject to money laundering regulation. Compared to the EU, the Swiss Financial Market Supervisory Authority FINMA has chosen a more general approach in that not only payment tokens, but also investment and usage tokens as well as mixed forms of these are to be regulated more clearly. Furthermore, the administrations of the European Union and Switzerland intend to exploit the value creation potential that could arise from the use of blockchain technologies. Download