RATE Group | Switzerland and Israel Collaborate on Cryptocurrency & Blockchain Regulation
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Switzerland and Israel Collaborate on Cryptocurrency & Blockchain Regulation

20 Sep Switzerland and Israel Collaborate on Cryptocurrency & Blockchain Regulation

Posted at 11:50h in Cryptocurrency News by

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The Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser, citing their goal as gaining bank access to Israeli markets to allow Swiss banks to trade there.

Reuters reports that the two nations have now agreed to collaborate on financial technology, cryptocurrency, and blockchain regulation following their discussion with the Israeli government.

Gasser also stated that Gasser said he was preparing a report blockchain regulation methods and factors and would be submitting recommendations by the end of the year with the aim that parliament could approve in 2019 and the new regulations could be implemented the following year.

Switzerland has long been at the forefront of blockchain innovation, welcoming startups and researchers from far and wide with their blockchain-friendly regulation. Switzerland is home to Zug, a small Alpine town turned blockchain hub which is now often referred to as…

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