I always thought of Switzerland as a big banking centre. But in reality, does the banking industry have a much stronger chokehold and regulatory capture in London (the only city in the UK with a first world economy) than in Zurich? Is that what makes the UK government so hostile to Bitcoin and British people so gullible to the propaganda that Bitcoin is a scam or ponzi scheme?
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50 sats \ 0 replies \ @000w2 25 Oct
UK went off the gold standard in 1931, Switzerland didn't drop the gold standard until 1999. The appreciation of hard money by the population as a good thing is not even comparable.
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0 sats \ 2 replies \ @jasonb 25 Oct
As I understand it, on that world freedom index thing, Switzerland consistently ranks number one. Their banking system may be so renowned because it’s good rather than regulated.
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50 sats \ 1 reply \ @000w2 25 Oct
It was good because of strong Swiss privacy laws, until the US and then EU forced them into data sharing agreements after 2008.
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0 sats \ 0 replies \ @jasonb 25 Oct
…which is ironic on so many levels.
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