The Blockchain Landscape: Switzerland Takes the Crown
When it comes to launching a blockchain company in Europe, Switzerland stands head and shoulders above the rest. A recent study by BlockShow Europe 2018 showcases this vibrant country as the top destination for innovators in the digital currency space. With its crypto-friendly regulations and tax incentives, Switzerland has become the go-to hub for all things blockchain.
Why Switzerland? The Crypto-Friendly Haven
Switzerland’s reputation as a blockchain paradise is greatly attributed to its creation of a virtual currency haven known as “Crypto Valley,” located in Zug. This area is not just a fancy name; it’s a robust ecosystem fostering blockchain startups, investors, and enthusiasts. And let’s not even get started on their taxation policies, which make crypto ventures feel like they’ve won the lottery.
Following Close Behind: Gibraltar and Malta
Holding the silver and bronze positions are Gibraltar and Malta, respectively. Gibraltar has become a hotbed for Initial Coin Offerings (ICOs), attracting around 200 of them, all grain-fed and penned up for the launch of the Gibraltar Blockchain Exchange (GBX). Meanwhile, Malta has proudly proclaimed itself the “blockchain island,” ushering in major players in the crypto world, such as Binance and OKEx, into its warm and welcoming embrace.
The European Commission Joins the Party
On the policy side, the European Commission has been busy launching the EU Blockchain Observatory and Forum, a move aimed at elevating the continent’s economy through blockchain integration. It’s like a tech-focused potluck where everyone brings a blockchain dish to the table, hoping it will be the next big thing.
The Law of Unintended Consequences
However, not all news has been good in this decentralized wonderland. With the upcoming EU privacy regulations set to take effect on May 25, there’s a murky cloud hanging over the decentralized nature of blockchain technology. Could these regulations pour cold water on the blockchain revolution? Only time will tell!
Who Runs the Blockchain World?
In less serious news, BlockShow recently conducted a poll to see who’s on top in the realm of women and businesses in the EU blockchain scene. A shiny award ceremony awaits these amazing trailblazers, which will take place during the BlockShow conference in Berlin at the end of the month. Stay tuned!
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