Switzerland Becomes a Global Leader in Blockchain and Cryptocurrency Adoption

Switzerland is emerging as a world leader in the adoption of cryptocurrencies. The main reason for this is that the Swiss government does not ignore the existence of cryptocurrencies; instead, it develops legal frameworks and even supports crypto companies. The results are clear: the country now has its own cryptocurrency exchange and even an entire city populated by Bitcoin and blockchain enthusiasts, which has already been nicknamed Crypto Valley.

Crypto Valley: The Heart of Blockchain Innovation

Recently, a virtual tour of Zug—known as Crypto Valley—was published on 2bitcoins.ru. In this city, you can find crypto ATMs, and some businesses accept cryptocurrencies as payment. Most importantly, there are a large number of companies working together with the government to develop blockchain technology. Notably, even elections are conducted using this technology.

Government Support and Regulation

The Swiss government has gone even further by allowing SIX Digital Exchange to trade cryptocurrencies. SIX is the owner of the Swiss stock exchange, and SIX Digital Exchange will become a cryptocurrency exchange regulated by the Swiss National Bank and the financial regulator FINMA. The platform is set to launch in the first half of 2019 and will offer trading, settlement, and storage of cryptocurrencies and tokens.

Clear Regulations Attract Crypto Companies

The lack of regulation is one of the main problems facing cryptocurrencies worldwide. Today, many crypto companies are moving to Switzerland because the country offers clear and specific conditions for working with the government. This gives them the opportunity to grow and look forward to a bright future.