swiss bank

Will Offshore Banking be Relevant in a Crypto World?

Years ago I recall reading an article about the beginnings of the Swiss Banking Act of 1934. It was ratified due to the rising threat from the Nazi regime in Germany. Many Germans saw the writing on the wall and needed to get their financial assets out of the country and into safer harbors. In response to that threat, Switzerland’s banking system was a very good choice to park one’s financial capital.

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