Swiss Finance Minister Ueli Maurer rejects the idea of developing new legislation to regulate the crypto industry.
Instead of a separate legal framework, it is planned to make changes and additions to the current legislation, making it possible to apply it to new technologies and financial applications. Next year, the country’s government should intend to introduce new editions of six laws, including the civil code and the bankruptcy law..
At the Infrachain blockchain conference in Bern, Uli Maurer said that he is well aware of the rivalry between countries in the field of fintech. According to him, London has already moved much further than Switzerland, Singapore and Shanghai in this direction..
However, countries such as Russia, the United States and Liechtenstein currently have a different point of view. They drew up special bills to regulate the cryptoindustry, which are now being dealt with by working groups and expert commissions..
Unlike most countries, the UAE is not so worried about supporting new technologies. The country’s leadership decided to transfer most of the state’s activities to the blockchain and become the world leader in the distribution and integration of artificial intelligence.
text: Ivan Malichenko, photo: videokaliningrad