Switzerland Leads Crypto Adoption In Europe

A recent study has shown that Switzerland is leading the way in crypto adoption in Europe, with one in five Swiss owning cryptocurrency. The country's favorable regulatory framework and cutting-edge infrastructure have attracted blockchain enthusiasts, and its crypto-valley in the canton of Zug is home to over a thousand cryptocurrency and blockchain startups.

In addition to its interest in crypto, Switzerland is also gaining popularity in the areas of ChatGPT and artificial intelligence. The launch of Crypto Stamp 3.0 by Swiss Post, involving NFTs, further demonstrates the country's readiness to embrace new and emerging technologies.

Switzerland

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

Decoding Bitcoin MEV: Insights and Implications

The concept of Bitcoin MEV (Miner Extractable Value) emerged as early as 2013. Although fairly nascent relative to MEV on Ethereum, the burgeoning Bitcoin ecosystem with the introduction of metaprotocols such as BRC-20s, Ordinals, Runes promises to bring more programmability, expressivity, and MEV opportunities in future.
CointimeSG ·

Bitesize Insights: BTC active addresses accelerate - what about TON, BNB, and SOL?

Glassnode now supports BNB and TON metrics, enabling ecosystem analysis across chains. Read below to see how you can perform a simple yet effective comparative analysis of key fundamental data with Bitcoin's $100K milestone as a backrop.
CointimeSG ·

Volume 210: Digital Asset Fund Flows Weekly Report

Bitcoin ETFs saw the largest inflows on record last week totalling US$3.12bn
CointimeSG ·

Hong Kong’s ZA Bank is first bank in Asia to launch retail crypto services

Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service.
CointimeSG ·

NFTs record $158M weekly sales volume, led by Ethereum, Bitcoin

November has already surpassed October’s total volume, continuing strong market momentum for NFTs.
CointimeSG ·

Ex-partner tosses $716M Bitcoin wallet, says ‘tired of hearing about it’

James Howells’ $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive.
Pennsylvania Passes "Bitcoin Rights" Bill and Considers Strategic Bitcoin Reserve Amid Criticism and Potential Economic Benefits

Pennsylvania has passed the "Bitcoin Rights" bill, which protects the rights of individuals and businesses to self-custody digital assets, operate blockchain nodes, and conduct transactions without interference from restrictive municipal ordinances. This move establishes Pennsylvania as a leader in digital asset regulation and demonstrates its commitment to fostering innovation in the sector while addressing issues such as economic empowerment and financial inclusion. Additionally, two Republican Representatives have introduced the Strategic Bitcoin Reserve Act, which would allow the state treasurer to allocate up to 10% of Pennsylvania's funds into bitcoin and crypto-based exchange-traded products. However, critics have raised concerns about the risks of holding bitcoin in government reserves, including extreme price volatility and security vulnerabilities, as well as environmental concerns related to bitcoin mining's energy consumption. Despite this, Pennsylvania's proactive approach to fostering a crypto-friendly environment positions the state as a model for equitable digital asset adoption and underscores the growing role of state governments in shaping the future of the digital economy.
It is reported that Trump may meet with Ripple CEO and other crypto industry representatives to discuss the formulation of US crypto policy

Ripple CEO Brad Garlinghouse recently gave an interview to Fox News and talked about his feelings regarding Trump's victory in the 24th US presidential election. There are reports that Brad Garlinghouse and other representatives from the cryptocurrency industry may meet with Trump to discuss participating in the formulation of US cryptocurrency policies. Fox News asked Brad Garlinghouse about this matter, and although it has not been confirmed, his response seemed to suggest that he would be open to it. Brad Garlinghouse said, "I won't comment too much on the details here. Throughout the entire election cycle, we have been actively supporting cryptocurrencies and innovation, and we will continue to work with more friendly government officials to get rid of current regulations through law enforcement."
EU regulators set out guidelines on restrictions for cryptocurrency providers

the European Banking Authority (EBA) is the European regulatory agency responsible for addressing weaknesses in the European banking industry. It has issued two sets of guidelines, including specific guidelines for payment service providers (PSPs) and cryptocurrency asset service providers (CASPs). On November 14th, EBA released guidelines that specify the measures that PSPs and CASPs must take when transferring funds or cryptocurrency to comply with EU and national restrictive measures. According to EBA, these guidelines ensure the implementation of EU and national sanctions. EBA believes that weaknesses in control, internal policies, and procedures may pose legal and reputational risks to financial institutions (including PSPs and CASPs). In addition, weak links in these areas for financial institutions may also "weaken" the effectiveness of the EU's restrictive measures system. The European Banking Authority emphasizes that this may lead to rule evasion, thereby affecting the stability of the EU's financial ecosystem. According to ECA, these guidelines will apply from December 30, 2025.
Cardano founder confirms he will work with Trump administration on crypto legislation

Cardano founder Charles Hoskinson has confirmed plans to collaborate with the US government under the leadership of President Trump to help formulate cryptocurrency legislation. The goal is to create a clear regulatory framework for the cryptocurrency industry, which has faced uncertainty and regulatory challenges for years. Hoskinson announced these plans in a recent speech and stated that developing positive policies regarding cryptocurrency requires support from both the Democratic and Republican parties. He stated that his company, Input Output Global (IOG), will establish a separate policy department for cryptocurrency regulation. This office will focus on developing a legislative framework that incorporates the provisions of the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA). He added, "I will work with legislators and the government to push for a bipartisan bill to be passed."