The future of money

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Panel discussion - The future of money: Are cryptocurrencies an assault on state sovereignty or a vital innovation driver for Switzerland?

Join us for this interactive panel about the future of money and cryptocurrencies! There will of course be an apéro at the end of the event.

Teaser: The traditional monetary system is challenged on many fronts. Ultra-low or even negative interest rates have become the new normal, undermine the stability of the economic system and national states’ control over the monetary system. At the same time, the challenge to traditional state-sponsored fiat money posed by cryptocurrencies such as Libra, based in Geneva, or Ethereum, based in Zug, has received fierce criticism from central banks, politicians and governmental institutions alike. Especially in the United States concerns are being raised that cryptocurrencies pose a threat to the national security as it undermines the financial monopoly of the state and allows states such as North Korea or Venezuela to generate illicit income and to circumvent international financial oversight and regulations.

Switzerland has been at the forefront of these developments as an innovative platform and international hub for digital currencies. Potential rewards from its pioneering role in this emerging economy and their risk both for the reputation of Switzerland and the international political order require thoughtful balance and an answer to the question: Do cryptocurrencies represent the bright, prosperous future of money and vital innovation driver for the Swiss financial center or an assault on state sovereignity and a threat to the international political system?