Switzerland ranks the top at the Top 10 Blockchain friendly European nations
Switzerland, occupies the top most position among the top ten nations in Europe to support blockchain and crypto companies. The report has been released by a conference based on blockchain technology. The name of this conference is BlockShow Europe 2018.
In the list of the top ten European nations to provide amiable condition for crypto business, Switzerland is followed by Gibraltar. The third position is secured by Malta in the list. On the basis of the regulatory frameworks pertaining to Initial Coin Offerings (ICOs) and taxation, the study has been conducted. The ranking also takes into account the regulations related to virtual currencies facilitating payment.
There are, indeed, two fold reasons for Switzerland to become crypto-friendly. The first reason is the setting up of cryptocurrency hub in Zug known as “crypto valley.” The second reason is apt for the crypto investors since it is a tax haven nation.
However, the second nation in the list, Gibraltar has witnessed the launch of 200 ICOs. This has taken place prior to the launch of Gibraltar Blockchain Exchange (GBX).
February, 2018 marked the launching of European Union Blockchain Observatory and Forum by the European Commission. The primary motive of European Commission behind this announcement is the unification of European economy and blockchain technology. In contrast, the privacy laws of EU which have been recently approved lie in conflict to the decentralised blockchain technology.
(Image source: Shutterstock)
Join our telegram group