Hi @juanmolina,

Thanks a lot for this well researched article about crypto in Switzerland. Beeing a Swiss myself, I didn't know everything ;-).

It is true that Switzerland was a tax heaven for a long time but this is not so extreme anymore. It might still hide some fortunes of people from developping countries but for people from EU or USA it has become very difficult to hide their money in Swiss banks. In Switzerland when you hide money from the state you don't become a criminal. You might have to pay fines but you won't go to jail.

Since world war two, Switzerland has been very active in the banking sector and it is probably because of the tax evasion of people from all over the world that Switzerland has become as rich as it is today. The banks however are having a difficult time and the gouvernement realized that we had to stay competetive in the financial world to keep our status quo. That is why the governement considered the blockchain technology as very promising.

I think that it is true that Switzerland has a good approach to this new tech. Instead of forbidding everything, it tries to build a legal framework for it.

Among the population, Cryptocurrencies are quite popular. I know a lot of people who started to invest in cryptos in the last years. Also there are meetings where people come together to talk about cryptos. I just took part in one yesterday.

The fact that the Swiss gouvernment is favorable for Cryptocurrencies leads to a big advantage for the country. The start ups come together here and there is an accumulation of people who have a certain know how. This proximity of like minded people helps develop new ideas and new projects. With the security of knowing that the state is behind them, they can plan into the future. At the same time the autorities are learning with them and they can create a framework where everybody can strive. I'm quite proud of what my country is doing and I think that we will have soon a huge advantage over other countries in everything related to blockchain technology...