The Ministry of Finance of Switzerland started a series of consultations to acquire full knowledge about the rules in play in the sphere of cryptocurrency and the use of blockchains.
These consultations will involve cantons, political parties, interested individuals, and organizations that want to learn more about the industry or contribute with expertise.
Discussions are aimed at helping create more sophisticated laws for the introduction of blockchain technology and technology of the distributed ledger, in order to utilize their use in both the private and corporate sectors.
The proposed initiative will help the country’s leadership to formulate the provisions that will be added to the federal law in the next year.
Switzerland is already famous for its wide support of innovative industry. Thus, this step will help attract even more crypto companies from around the world. A few days ago, the Ripple CEO shared that Switzerland is one of the countries designated for a potential host of the company’s headquarters in case it decides to move away from the US.
