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09 July 2020

Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus | Finance Bitcoin News

Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus | Finance Bitcoin News


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Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus.

Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported.

The majority of the government officials were reportedly not too enthused about the future of the crypto industry.

The report said more than 66% of cryptocurrency and blockchain companies that applied for broader central government loan guarantees failed to get them.

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Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 1 month ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

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