The recently elected president of the Swiss Crypto Valley Association (CVA), Daniel Haudenschild, declared that the crypto bear market has damaged Switzerland’s position as a global blockchain hub. Haudenschild made his comments in an interview with major local media outlet Swissinfo, Feb. 4.
Haudenschild officially took office as the president of the CVA on Jan. 31, stating in the interview that he intends to “heal divisions to prevent Switzerland losing any more ground to other countries” in attracting blockchain projects. According to SwissInfo, his election “followed a period of unrest that saw claims of profiteering and sharp practices.”