The Swiss Blockchain Federation welcomes the positive signals of the Federal Council in relation to two main parliamentary initiatives aimed at enhancing Switzerland’s attractiveness and compatibility in the future as the Blwchin Center. The Federal Council’s statements highlight the importance of an innovative basis and a law in a law to preserve the Switzerland as a global leader in Blockchain and the Distributed Professor Book Technology (DLT).
A clear focus on the site’s attractiveness and stablecoins
The two initiatives, provided by National Chancellor Benjamin Fisher, aim to increase the position of Switzerland as a Blondine Center and face the challenges of the advanced global market.
Switzerland is presented as a site for Blockchain and Crypto service providers
In its response, the Federal Council emphasizes that Switzerland is still one of the leading ecosystems in the world. The current legal framework, especially the technology of the Distributed Professor Technology Technology (DLT) since 2021, has set international standards. However, the Federal Council admits that Switzerland has lost competitiveness compared to other countries that have developed its regulatory frameworks. To face this, the State Secretariat for International Finance (SIF) is working on the targeted amendments to the financial market regulations. These include improvements to Fintech license and create a lawful and secure working framework for Stablecoins.
Switzerland as an international center for Stablecoin
Stablecoins plays an increasingly important role in the global financial system: without digital money, there is no digital economy. The Federal Council is open to measures that will place Switzerland as an attractive location for Stablecoin. The planned amendments to the financial market regulations aim to achieve a balance between innovation and stability, while providing Switzerland with new competitive advantages. Fears raised in the proposal will be combined with the ongoing legislative proposal.
The Swiss Blockchain Union views the positive data of the Federal Council as a decisive step in securing the future of Switzerland as a global Blockchain. Construction dialogue between policymakers, authorities and industry is necessary in this process. The Swiss Blockchain Federation actively contributes to this effort-through its political group, which includes nine national members and a council for states as well as five government members, research groups based on research, and their experience in cooperation with the authorities.
“The Federal Council’s statements show the ambition of Switzerland to preserve a leadership role in an increasingly dynamic global environment. We firmly believe that close cooperation between the economy, politics, academic circles and authorities will create the framework necessary to continue to enhance innovation, attract new services and companies, and eventually generate jobs,”
Hinz Tanler, President of the Swiss Blond Federation and financial manager in Canton Zog, says.
Work together for the future of the financial sector in Switzerland
Besides other stakeholders, the Swiss Blockchain Union remains committed to leading forward Switzerland as Blockchain with an approach directed towards the solution. The adjustments in the Stablecoin sector and the efforts made to enhance the attractiveness of Blockchain and Crypto service providers are not only decisive, but also an opportunity to unify Switzerland’s reputation as a pioneering and innovative financial center.
