Published on June 13th, 2018 | by bitcoin0
Switzerland Establishes New Trade Organization to Promote Blockchain
A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12.
The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provider Temenos, and the country’s largest law firm Lenz & Staehelin.
The CMTA has reportedly been established as a not-for-profit, non-governmental association, with leading companies from across different industry sectors on its committee.
The founding parties are active in different areas, and each of them pursues their own purposes with the integration of blockchain.
Switzerland has long been attracting attention as a crypto and blockchain-friendly country thanks to the “Crypto Valley,” a center of fintech, blockchain, and digital currency activity in the canton of Zug.