Blockchain is considered one of the most revolutionary technologies of our time and undoubtedly has great potential to drive simplicity and efficiency through new infrastructures and processes. For financial service providers and start-up companies in particular, the new technology creates completely new business and financing opportunities.
Regulators and international standard setters are currently looking intensively at the economic and legal/regulatory treatment of initial coin offerings (ICOs), cryptocurrencies and trading platforms.
Only a few countries (e.g. Switzerland, USA, Singapore) have recognised the great potential of this new technology and multi-billion USD market, and have built up a strong ecosystem as a crypto hub based on optimal regulatory framework conditions, thus attracting international investors and companies.
Partner, Sustainability & Strategic Regulatory Leader, PwC Switzerland
Tel: +41 58 792 45 23
Moritz Obst
Strategic Regulatory & Sustainability Services, Legal, PwC Switzerland
Tel: +41 58 792 47 19