Swiss financial professor Fabian Schär's (left) interest in blockchain started with a love of computer technology. Live Fabrik GmbH
The international monetary and financial system is changing at breakneck speed. Cryptocurrencies, such as bitcoin, and blockchain technology pose huge challenges for banks. Fabian Schär, Professor of Blockchain, Bitcoin and Financial Market Technology at the University of Basel, has a front row seat to view these developments. This content was published on May 4, 2023 May 4, 2023 more from this author swissinfo.ch
The shape of our monetary system is politically significant, Fabian Schär told SWI swissinfo's Geldcast podcast. The professor of financial market infrastructure is one of the world's most sought-after experts on the theme of cryptocurrencies and blockchain. He has been invited to speak at G20 meetings and most recently at the Indian Ministry of Economic Affairs.
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“The atmosphere at such meetings is very impressive,” says Schär. The G20 is a loose association of world's biggest economies, attended by the most powerful political actors. Proposed changes to international regulations are regularly discussed first at these meetings, mostly behind closed doors.
Fintech is a hot topic at the moment and it's Schär's speciality. Fintech includes everything to do with financial market infrastructure, such as the processing of payments.
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