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Switzerland’s cryptocurrency industry could have full access to conventional banking services by the end of the year

Switzerland’s cryptocurrency industry could have full access to conventional banking services by the end of the year, according to a Swiss policymaker.

“We hope to clarify relationships by the end of the year at the latest,” – said Heinz Tännler, finance director of Zug canton.

“Time is pressing – other jurisdictions such as Malta and Singapore are very active and making a lot of effort to attract these companies. The lack of access to bank services is a significant competitive disadvantage.”

Then Tännler added that Switzerland’s central bank, financial supervisor and federal government “are willing to help.”

“We have to push certain national institutions to resolve this problem quickly and effectively, but that now seems to be going well.”