Blockchain-friendly Switzerland bears the name of Crypto Nation for a reason. It has become an undisputed giant leader in the international digital asset and blockchain space, and the Swiss are expected to be the worldwide cryptocurrency pioneers for at least the near future.
Dubbed Crypto Nation for its friendly stance for innovations including blockchain and cryptocurrency, Switzerland confirmed the name once more. A new legal package passed by the Swiss Federal Council is going to remove all existing legal barriers for startups.
The South Korean government is actively adopting disruptive innovations including blockchain and distributed ledger technology (DLT) within various industries. It seems the country wants to follow in the footsteps of Japan and Switzerland to become a global tech hub.
The Bitcoin Association has announced its certification as a non-profit organization based in Zurich, Switzerland and aims at preaching the gospel of Bitcoin and blockchain technology all around the world.
At the international level, the framework is being composed thanks to the indisputable initiative of Switzerland in particular that on the issues of the new regulation for cryptocurrency / tokenization in financial markets is leading the way and laying the foundations for the construction of many experimental projects and to build those experiences that then allow to "write the actual rules".
The Swiss Blockchain Federation (SBF) has published a manual titled “Tokenized Equity, Guidelines for Issuers of Equity and Related Tokens” that clearly indicates the willingness to give clear indications.
Bitcoin and cryptocurrency stipends have gained regulatory recognition in many parts of the globe including Switzerland, Estonia, Italy, Russia, United States, Japan, and New Zealand. However, when it comes to other major sectors or businesses, cryptocurrencies are not yet being used for remuneration. Individuals and firms in the aforementioned jurisdictions are seriously exploiting the benefits of legal digital currency payments.
Arab Bank Switzerland, a sister firm of the Middle East-based banking bull Arab Bank which was the first Arab monetary organization to launch a presence in Switzerland, is now providing trading and custody services for Bitcoin (BTC) and Ethereum (ETH), the globe's first and second leading cryptocurrencies. As per the Sept. 19 report by The Block, the effort implies institution’s high net-worth customers, counting business giants and family businesspersons, can now have access to cryptocurrencies.