Switzerland or Malta?
I'm currently researching about great countries for crypto & blockchain businesses .
And on top of the list are Switzerland and Malta.
Just today, two articles made headlines.
Malta
The Parliament of Malta has passed three bills into law that establish a regulatory framework for blockchain technology, local news outlet Malta Today reported July 4. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act.
Switzerland
Businesses in Switzerland are urging the Swiss Government to permit the banks in their country to welcome the option of the crypto transaction system. Switzerland’s Zug is already famous for being known as the crypto valley and the country is continuously striving towards developments in the crypto domain.
If cryptocurrency is accepted by Swiss Banks, then they might break the crypto dominance of Malta and Singapore and be at par with the other crypto dominated nations. Such nations are attracting funds in large volumes and have built an ecosystem for crypto transactions.
Article: https://coinfrenzy.io/swiss-banks-welcome-cryptocurrencies/
Now, I was recently in Switzerland, more exact in the Crypto Valley in Zug. And it's amazing there, but I guess it can't harm to keep your eyes and ears open.
What are your thoughts?
Wolf
I think that Slovenia is also great countries for crypto.
Source: https://99bitcoins.com/bitcoin-friendly-countries/
Ah interesting, thanks @fbslo.
I find it very interesting that Malta, that doesn't have the reputation of being well governed, is at the forefront of this space.
I have heard before that Malta is a cool place for crypto business. Yet to lay hands on morr information about that anyway.
Heard of Zug known as the crypto valley.
Seems like a really cool place, what did you think?
You speak German? This must be a huge advantage for you in Zug.
Yeah, was the first time for me in Switzerland and as a german - I didn't really feel that I was in another country.
still cant beat puerto rico, you are in the US and you dont pay tax!
That's what it ultimately is going to be right? How friendly is the tax law going to be? But any crypto business unless it deals directly with clients, could technically operate anywhere in the world, as long as their home base transactions occur in the location where tax is most favorable.
I guess if you're American that's a big plus if it's not too far away, but for me it would be too much travel distance.
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