It's unfortunate that Switzerland, which has always been known as one of the most open and attractive countries for financial investment, would take a contrary approach to cryptocurrencies. Why does it take such a hardline approach to cryptocurrencies?

Perhaps it's because Switzerland has a large number of global banks and is a global center for centralized financial services that makes it reject decentralized cryptocurrencies. Although Switzerland is known for its banks, known for their strong banking system and the privacy they provide, in reality, this is clearly not true.

But what caught my attention in the news is why the United States and Saudi Arabia were excluded from the draft law?