Roubini unimpressed with Crypto Nation Switzerland  

Matthew Allen

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Switzerland’s flourishing cryptocurrency and blockchain sector continued its expansion last year. But this did not stop renowned US economist Nouriel Roubini berating a gathering of blockchain enthusiasts at a World Economic Forum side event, telling them: “It’s all fluff, just total fluff.”

Roubini made his comments at the CV Summit in Davos on Thursday, following the presentation of a study that showed the number of Swiss blockchain companies and jobs increasing for a third year.

The self-styled “Crypto Nation” recorded 842 ventures in Switzerland and Liechtenstein by the end of 2019. This included the Libra stablecoin project that arrived with much fanfare last summer before running into a wall of potentially fatal protest from governments and regulators.

https://www.swissinfo.ch/eng/business/fluff-and-nonsense-_roubini-unimpressed-with-crypto-nation-switzerland/45514262
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