CNBC: Swiss banks are experiencing a surge in demand for the services of crypto companies

CNBC TV channel, citing insiders, reports that Swiss banks are facing a large flow of requests for banking services from crypto companies from the United States.

After the collapse of the American Silvergate and Signature Bank, an unnamed private Swiss from a credit and banking institution, requests for services from cryptocurrency companies began to arrive en masse. The bank's administration reports a multiple increase in daily calls than ever before and likens the situation to "crazy".

CNBC reports that SEBA Bank and Sygnum Bank, which previously obtained a banking license in Switzerland and a capital markets license in Singapore, have definitely seen a noticeable increase in inquiries from crypto firms. The banks declined to officially comment on the situation, simply confirming that "the flow of customers from the US to Swiss banks has become much greater."

Industry experts suggest that the preferences of crypto industry participants were influenced by Switzerland's decision to accept digital assets as a legitimate part of the financial system. Unlike the United States, where regulation of cryptocurrencies is often vague and government actions are inconsistent. Another factor that favorably distinguishes opening accounts in Swiss banks or registering crypto companies in Switzerland may be the creation of a special region in the canton of Zug called “Crypto Valley”, where tax incentives are introduced and favorable conditions are created for blockchain companies.