Switzerland To Freeze Russian Crypto Assets ! No More Neutrality

CRYPTO.News

Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday. 

Swisss

 President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and freezing its assets in the Alpine country. According to Swiss Finance Minister Guy Parmelin, several close friends and associates of Russian President Vladimir Putin are among the 223 Russians whose bank accounts and physical assets have been frozen by Switzerland.

Choking Russian Crypto Ass

Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday.

Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and freezing its assets in the Alpine country.

According to Swiss Finance Minister Guy Parmelin, several close friends and associates of Russian President Vladimir Putin are among the 223 Russians whose bank accounts and physical assets have been frozen by Switzerland.

Choking Russian Crypto Assets

A senior official at the Swiss Finance Ministry says he believes the country’s blockchain sector  should be safeguarded by preventing Russian crypto assets from entering the market.

Some 1,128 blockchain firms have selected Switzerland or Liechtenstein as their home base as of December 2021, according to CV VC, a Swiss venture capital organization.