Switzerland Set to Ease Finance Regulations, Support Blockchain Innovation
The Swiss government has said that finance regulations should be “swiftly adjusted” to cater for fintech innovations, “in particular the Blockchain area.” In a release issued Wednesday, the country’s Federal Council said it wished to create a “dynamic fintech system” as this would “contribute significantly to the quality of Switzerland's financial center and boost its competitiveness.” “Due to the rapidly progressing digitization in the financial sector, in particular in the Blockchain area, it can be assumed that business models will develop which are not yet conceivable today,” the....
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