It was rumbling in the beginning of February in Swiss Zug. The Crypto Valley Association (CVA) was undergoing a major reorganization. On Thursday, Jan. 31, the General Assembly of the Association elected former Swisscom manager Daniel Haudenschild as president of the CVA and the successor to Oliver Bussmann.
The former CVA’s president, Oliver Bussmann, had announced last November — together with the members Vasily Suvorov, René Hüsler and Nicolas Schobinger — not to run for reelection at the General Assembly. The former SAP and UBS manager, who runs a consulting firm in Zug, had been controversial, according to media reports. According to finews.ch, he and other members had been accused of using the organization for personal business. Haudenschild, the new president of the CVA, was — until the end of January — the CEO of the blockchain advisory unit of Swiss state-owned telecommunications company Swisscom and left the company unexpectedly. The reasons for leaving have not been announced by Swisscom.