Ex Donald Trump’s Advisor Votes for Crypto
USA Using Cryptocurrency As A Tool To Fight the “European Establishment”?
Donald Trump’s former chief strategist Steve Bannon was speaking up about cryptocurrencies in Zurich this week. His optimism was obvious when he said: “Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that’s when you’re going to have true freedom.”
He noted that he thinks about cryptocurrencies as an of asset to the European antiestablishment movement. Also, he looked back at the governments, banks, financial and tech companies of, in his words, “breaking the rules on the rights of ordinary citizens and exploiting them for their own purposes.”
He also stated that cryptocurrencies and the Blockchain will “empower the populist movement, empower companies, and empower governments to get away from the central banks that debase your currency and makes slave wages. With cryptocurrency we take control of the central banks away. That will give us the power again. Once you take control of your currency, once you take control of your data, once you take control of your citizenship, that’s when you’re going to have true freedom,” said Bannon.
Bannon is now travelling through Europe and having a tour following right-wing victories in the recent Italian elections. The news about Switzerland being crypto friendly aren’t new, because Zug, which styles itself as “Crypto Valley,” launched a pilot already in 2016 in which it started accepting bitcoin payments for municipal services. The pilot was apparently a success, so Zug has kept the program running. Zug’s scheme also caps bitcoin payments fairly low, only accepting them for a value of up to 200 Swiss francs.
Zug, The Crypto Sanctuary
While there may be something for these towns to gain by enticing cryptocurrency fans to set up shop on their turf, their caution makes a lot of sense too. Then again, the contrast between progressive countries such as Switzerland, Estonia, Singapore and countries and organizations that openly oppose blockchain – could not be greater. Crypto Valley (Zug) and another city, “Comune Cripto” (Chiasso) chose their path.
Bear in mind that half a year ago, Swiss National Bank chairman Thomas Jordan claimed Bitcoin and other cryptos are more of an investment as opposed to a currency. “Central banks are working on the issue of crypto currencies very intensively. I would look at them more as an investment than a currency.” He also added he considers very important to say it is not question of technology, but a “question of who has access to central bank money and in what form. There are up to now many unsolved questions.”
Switzerland has already became some sort of sanctuary for cryptocurrencies. Zug, a town in Switzerland, has become known as the Crypto Valley, and is hosting multiple crypto-related projects such as Ethereum, Bancor, and Tezos.