Crypto companies hard hit by the economic impact of COVID-19 have had a plea for a 100 million Swiss franc ($103 million) bailout rejected by Switzerland’s government.
Local news site Tages-Anzeiger reported Wednesday that Heinz Taennler, finance director of the canton of Zug, had been denied a call for assistance for local blockchain startups through a sovereign wealth fund.
Taennler had planned to issue loans to local startups, which in turn could be converted into shares.
Swiss blockchain and crypto firms have warned of their impending demise with private investment drying up in recent months.
“The Crypto Valley and the entire Swiss blockchain scene face an existential danger due to the …1 час назад @ coindesk.com