Swiss government wants to up the ante by freezing the assets of Russian crypto holders

Switzerland’s federal government plans to seize Russian crypto assets within its borders, including those held by corporate entities and billionaires.

Swiss authorities to freeze crypto assets of key Russians

Last week, Swiss President Ignazio Cassis indicated that Switzerland – away from its deeply rooted tradition of neutrality – would almost certainly join the European Union in condemning Russia and freezing its assets. this is in the Alpine country

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

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

According to CV VC, a Swiss venture capital institution, about 1,128 blockchain companies have chosen Switzerland or Liechtenstein as their headquarters as of December 2021.

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