Switzerland’s gambling watchdog has filed a formal complaint against FIFA’s NFT platform, accusing it of operating as an unlicensed gambling service. The move signals growing regulatory pressure on digital collectibles and Web3 ventures as authorities grapple with how blockchain-based reward systems fit within traditional gambling laws.
While cryptocurrencies are shaking up the global monetary order and pushing states and central banks to rethink their strategies, Switzerland chooses the path of caution. The Swiss National Bank (SNB), the guardian of the country's economic stability, has just firmly rejected the idea of integrating bitcoin into its reserves. This clear positioning comes at a time when a citizens' initiative is trying to force the adoption of crypto at the highest institutional level.
In a particularly tense geopolitical context, the World Economic Forum 2025 opened yesterday in Davos, Switzerland. This 54th edition brings together more than 3,000 global leaders to address the major challenges of our time, in a climate marked by Donald Trump's return to the American presidency.