RATE Group | Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them Fro…
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Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them Fro…

20 Feb Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them Fro…

Posted at 01:42h in Cryptocurrency News by

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Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation

Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford and regularly do put some money aside but bank accounts are no longer offering inflation protection.

Also read: Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions

13% of Young Swiss Think Cryptos Will Be More Important in the Future

For a few years now, cryptocurrencies have been gaining ground in Switzerland. The Crypto Valley in the canton of Zug has already attracted over 800 companies creating more than 4,000 jobs. The expansion of the blockchain sector facilitated by accommodating regulations has created conditions for Swiss banks to work with fintech companies and offer new crypto-related products and…

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