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RE: Blockchain in Switzerland - Legal Foundations for the Blockchain Industry

in #crypto5 years ago

Nicely researched content @juanmolina personally I did not follow the Davao Switzerland as closely as I normally would.

Yes blockchain technology has many excellent uses right now, push back from governments and banking fraternity was to be expected. Safety is an issue, not always as mentioned funding terrorists etc., since fiat currency was much the same with loopholes. Fundamentally I think "the powers that be" are scared of losing power, earnings, control at banking/government level.

When it comes to blockchain being used to register people, medical benefits, contract assets they are happy to allow development.

Switzerland (I stand to be corrected), were one of the first countries to install Bitcoin ATM's at railway stations making life easier to transact in more than just fiat currency.

Living in a 3rd world country, personally I think crypto currency could benefit many, however the majority will require educating. Once a government gives the go ahead most would be happy to try using crypto, prior to that happening majority of citizens are skeptical and scared (due to bad media), again due to ignorance.

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