Swiss Crypto Valley Association Chairman: Central bank digital currency is the next stage of decentralized financial development

Daniel Haudenschild, chairman of the Swiss Crypto Valley Association, said in an interview that he believes that the central bank's digital currency (CBDC) is "the next stage of decentralized financial development." There are currently about 34 CBDC projects. These digital currencies represent a new era of government and traditional finance, and they have realized the potential of digital assets. According to Haudenschild, within a year, the government will increase activities related to crypto regulation and start acting faster if necessary. He believes that the problem that needs to be resolved quickly is the classification of banking and securities for crypto projects. Haudenschild also expects that "the number of governments that put crypto regulation on the agenda will increase significantly." However, he also pointed out that a series of actions taken by regulators such as the Financial Action Task Force (FATF) are worrying, and he believes that these actions "are being used as tools to slow down the adoption of cryptocurrencies."