Switzerland’s Role as a Global Hub for Blockchain and Financial Innovation
The Swiss Blockchain Federation, the Crypto Valley Association, and the Bitcoin Association Switzerland have come together to publish a strategic manifesto with the goal of solidifying Switzerland’s position as a leading global hub for blockchain and financial innovation.
The manifesto, structured as a 12-point program, delves deep into the current state of affairs, highlighting both the strengths and weaknesses of Switzerland’s financial center. It also puts forth concrete recommendations aimed at politicians, regulatory bodies, and industry players.
Switzerland: A Future-Oriented Strategy for Crypto and Blockchain Technology
Switzerland has been recognized internationally for its progressive stance towards blockchain technologies, thanks to its forward-thinking regulatory framework, collaboration between public and private entities, and a supportive attitude towards innovation from authorities. However, this competitive edge is at risk of diminishing.
Emerging countries in Asia and the Middle East are rapidly attracting companies in the sector with their favorable regulatory and operational environments. Additionally, recent political shifts under the Trump administration have raised concerns for Europe, including Switzerland. Coupled with slow decision-making processes, regulatory uncertainties, and international pressures, these factors pose significant challenges for the sector.
To address these issues, the three organizations behind the manifesto propose a coordinated and forward-looking approach to ensure Switzerland remains a global reference point for technological innovation and economic competitiveness.
The 12 Proposals for a Stronger Blockchain Ecosystem
The manifesto outlines twelve concrete recommendations aimed at strengthening Switzerland’s position as a global leader in the blockchain and fintech sector. Each proposal addresses specific needs of the industry, with the overarching goal of fostering a more dynamic, transparent, and competitive environment.
1. Strengthen regulatory frameworks favorable to innovation
2. Technologically neutral and proportionate regulation
3. Binding timelines for FINMA authorizations
4. Promote digital currency
5. Use technology for compliance
6. Strengthen self-regulation
7. More transparent supervisory practices
8. Remove technical barriers to investments
9. Clarify ambiguous regulations
10. Critically evaluate international standards
11. Encourage industry initiative
12. Improve financing for start-ups and SMEs
An Initiative Open to Collaboration
The manifesto serves as an open invitation to all organizations interested in actively contributing to Switzerland’s role as a center of excellence for blockchain. The three promoting associations have committed to monitoring the implementation of the proposed measures and adjusting them as needed based on economic and regulatory changes.
Established in 2018, the Swiss Blockchain Federation is a public-private partnership advocating for legal certainty and optimal framework conditions for blockchain-based applications and business models. With approximately 80 members, including the cantons of Ticino, Zug, Neuchâtel, and Zurich, the federation, along with the Crypto Valley Association and the Bitcoin Association Switzerland, aims to secure Switzerland’s lasting leadership position in the global blockchain landscape.