In recent days, authorities in both the US and Switzerland have taken significant steps regarding the regulation of digital assets. Connecticut has introduced restrictions on cryptocurrency use, while Switzerland has raised concerns about fraudulent activities in the digital space.
Connecticut Introduces Law Against Cryptocurrencies
Connecticut Governor Ned Lamont has signed a bill prohibiting state agencies from accepting and holding cryptocurrency. This law will come into effect on October 1st and clearly restricts the use of digital assets in state operations.
Federal Initiatives Contrast with Local Laws
The passage of this law in Connecticut contrasts sharply with federal initiatives being undertaken by the Trump administration, aimed at establishing digital asset reserves at the national level. This divergence in strategy highlights a political rift surrounding cryptocurrency policy.
Swiss Regulators Tackle Phishing
The Swiss Financial Market Supervisory Authority (FINMA) has ordered Swissquote, the owner of the Yuh app, to take urgent action against the rising tide of phishing attacks. Over 600 fake websites mimicking Swissquote's services were uncovered in the first half of 2025 alone.
The differences in approaches to digital asset regulation in the US and Switzerland highlight the need for updates to policies and strategies to protect users from fraud and ensure stability in the sector.
