The Economics Minister of Switzerland is highly positive that the country shall lead the world when it comes to cryptocurrency innovation.

Minister Johann Niklaus Schneider-Ammann noted that Switzerland is currently in the forefront of innovation in different sectors, and it is not surprising that the country to become a flourishing land for blockchain technology and cryptocurrency.

In an interview with SRF, the minister said that it is still too early to tell if Switzerland will regulate digital currencies and that the country must evaluate its potential economic benefits.

“The Canton of Zug, the Cryptovalley, has come a long way. There we can gain experience. If the experiences in Zug are positive, we can extend that to the nation, the minister said. “Therefore the statement: It does not need to stay with Cryptovalley, it should become the crypto-nation.”

Switzerland is a preferred spot for blockchain and cryptocurrency advocates, and its canton of Zug is dubbed as the Crypto Valley.

It is also an ideal testing ground for notable blockchain projects such as the uPort platform that was built on the Ethereum blockchain.

Amman also related that he is supporting blockchain advocates that can help in determining if digital currencies can represent a future business with future jobs or not.

He also added that banks that dismiss digital currency trend as nothing more than a fad are doing so because of professional concerns, as the technology is directly threatening their business.

“If the risks of the technology prove to outweigh its benefits, we would then rather do without it,” the minister added.

In a possible hint of Switzerland’s view in any cryptocurrency summit recommended by Germany and France, Amman says “We are who we are. We must and want to be able to determine our own future. We make our experiences and of course, we make cross-comparisons with the neighbors and the distant competitors.”

The land-locked country is not a member of the European Union so it has retained its independence, sovereignty, and neutrality, which made it enticing for blockchain startups.