Swiss crypto associations present a 12-point program

The three industry associations Swiss Blockchain Federation, Crypto Valley Association and Bitcoin Association Switzerland warn in a common 12-point program of the preliminary loss of the crypto nation Switzerland and present specific measures to strengthen the location.

The comprehensive Document Analyzes the current situation as well as the strengths and weaknesses of the Swiss financial center and derives action points and recommendations for politics, administration and industry. The aim is to secure and expand the competitiveness and innovative strength of Switzerland in the area of ​​blockchain and fintech. This emerges from a media release.

Does Switzerland lose the connection?

Switzerland has established itself as a leading location for blockchain technologies in recent years-thanks to advanced regulatory framework, an innovation-friendly attitude of the authorities and close cooperation between politics and industry.

But this lead is at risk: countries in Asia and in the Middle East are rapidable and offer increasingly attractive conditions for blockchain companies; The sharp change of policy of the Trump government looks like a fanal. At the same time, lengthy processes, regulatory uncertainties and new international requirements are perceived as obstacles in Switzerland. That has Cvj.ch repeated in reports.

In order to counteract this trend and to make Switzerland to the future, a common and coordinated approach is necessary. The manifest's 12-point program should start here and offer concrete measures to promote innovation and competitiveness and to reduce regulatory hurdles.

The 12-point program

The manifesto formulates twelve specific fields of action in order to serve as the basis for a strong and future-oriented blockchain industry in Switzerland:

1. Strengthen innovation -friendly framework: FINMA is intended to recover innovation promotion as a strategic goal and report on progress.
2. Technology -neutral and proportionate regulation: Requirements for crypto service providers and stable coins must be designed and competitive.
3. Binding deadlines for FINMA approval procedures: Processes should be clearly structured and completed within six months.
4. Promote digital money: Stable coins and digital central bank currencies (CBDCs) are intended to create the basis for a digital economy.
5. Technology use for compliance: Innovative technologies should make compliance processes more efficient and cheaper.
6. Strengthen self -regulation: Self -regulatory organizations (SROS) should receive more scope for action.
7. Transparent supervisory practice: FINMA should make its supervisory practice more open and strengthen the dialogue with the industry.
8. Remove technical investment hurdles: Foreign investments are to be identified and reduced.
9. More precise regulation: Vague norms are to be specified by dialogue between the authorities and industry.
10. Check international standards critically: The assumption of international standards in Swiss law must serve the interests of the location.
11. Encourage industry to the initiative: The industry is intended to develop standards and address weaknesses proactively.
12. Strengthen financing for start-ups and SMEs: State funding programs and tax incentives are to be expanded.

The Swiss Blockchain Federation, the Crypto Valley Association and the Bitcoin Association Switzerland have initiated this manifesto in order to position Switzerland as a leading blockchain location in the long term. The implementation of the goals would be checked regularly and adjusted if necessary with the aim of implementing concrete measures. Interested organizations are cordially invited to join the initiative and actively contribute to strengthening the Swiss Blockchain location.