Switzerland Creates Working Group to Help Blockchain Companies Open Bank Accounts

The Financial Director of Zug, Switzerland, Heinz Tännler called on the Swiss Bankers Association (SBA) to create a working group to help blockchain companies open bank accounts, local news outlet cash.ch reported June 26.

Since blockchain and crypto companies face difficulties with opening bank accounts in the country, Tännler together with the Financial Director of Zurich Ernst Stocker brought the issue to the attention of Federal Council Ueli Maurer. Tännler is reportedly concerned about the risk of losing business to countries with more friendly banking environments.
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