Switzerland’s finance minister predicted during a recent meeting the number of blockchain applications will “explode” in coming years, and he wants his nation to be a major reason for that.
To get there, he said, more legal clarity on the technology is needed but, at the same time, regulation should not “strangle” blockchain entrepreneurs and developers in the early stages but provide guidance, Live Trading News reported. Also, startups need to be encouraged to set up shop and realize their ideas in Switzerland.
The conference was organized by the Swiss Blockchain Federation, which wants to make the nation the blockchain center of the world. The nation has already been forging ahead when it comes to cryptocurrencies. Read more here.