Switzerland, known for its crypto-friendly stance, is leading the blockchain and cryptocurrency industry, with significant developments expected in 2024.
Swiss banks, including Zuger Kantonalbank, Luzerner Kantonalbank, and St. Galler Kantonalbank, are venturing into cryptocurrencies, collaborating with crypto banks like Sygnum and SEBA to offer digital asset services, backed by stringent Swiss regulations.
The Swiss National Bank is conducting a CBDC pilot for a digital Swiss Franc, aimed at improving financial system efficiency and transparency, concluding in June 2024.