Compliance
Compliance (regulatory compliance) means conforming to comply with relevant laws and regulations. Together with KYC Spider in Zug Eurospider has in-depth compliance know-how.
Compliance representatives are increasingly engaging with cryptocurrencies, with involvement ranging from boundless enthusiasm to warnings to use the utmost caution. As the mother of all cryptocurrencies, bitcoin has demonstrated that completely different mechanisms are at play here than those involved in conventional currencies. How well do you know bitcoin and blockchain? Why not have a go at our first bitcoin quiz question?
If Alice wants to transfer bitcoins to Bob, she needs to construct a transaction to make the correct sum available to him. In the most frequently used transaction type (Pay-to-Public-Key-Hash), ‘make available’ means securing the sum using a locking script that can only be unlocked by the person who controls the private key corresponding to the public key communicated by Bob.
In many processors, unauthorized memory access is possible during speculative execution of code. Under certain circumstances, this vulnerability can be exploited by malicious code. Such code can also originate from JavaScript executed in the user’s browser, or from other virtual servers in the cloud.
Compliance requires both internal and external data. In the latter case, data is usually sourced from content providers, aggregators and so on, raising the question of whether dataset X is better than dataset Y. After a previous discussion of qualitative aspects, we are taking a closer look at quantitative aspects in this expert article. When making these kinds of judgments, we often fall victim to logical fallacies.
The topic of humans and machines has always generated a lot of publicity. In the past, this publicity largely centered around human–machine interfaces. Increasingly, and not only since the national Swiss Digitaltag (“Digital day”) event on November 21, 2017, people are now writing about humans versus machines.
Data Protection Act
The Swiss Data Protection Act underwent a complete revision in 2020, and its new version took effect on September 1, 2023, along with the new Data Protection Ordinance (DPO). The revision itself is complete, but its practical application continues to evolve. The topic of AI is particularly relevant: On May 8, 2025, the FDPIC confirmed that the DPA is technology-neutral and applies directly to all AI applications. In practice, this means, among other things, that users must know whether they are interacting with AI (transparency requirement, Art. 19), and that a data protection impact assessment is mandatory in cases of high risk—such as profiling or facial recognition (Art. 22). The Federal Office of Justice (FOJ) is drafting a consultation document on AI regulation to be completed by the end of 2026. With this, Switzerland will implement the Council of Europe's AI Convention.
