Swiss Crypto Valley falls through the cracks of state aid


The Swiss government recently announced CHF 154 million in state-backed credit for start-ups hit by the coronavirus crisis, but the funding may not reach the fledgling crypto industry. Blockchain companies have trouble opening bank accounts because they can present a compliance headache for lenders. “Fringe companies in this niche ecosystem were sidelined in a way,” says Crypto Valley Association President Daniel Haudenschild. “Crypto has always been an outlier.”

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