Switzerland is ranked number one in a list of the top ten European countries for starting a blockchain company, according to a study released by blockchain conference BlockShow Europe 2018.
In the list of best countries for starting a blockchain company, Gibraltar and Malta follow Switzerland in second and third respectively. The study consisted of 48 European countries that were examined for rankings by Initial Coin Offering (ICO) regulations, regulations on crypto as a payment service, and taxation frameworks for crypto.
Switzerland is known as a crypto-friendly nation due to both its establishment of a virtual currency hub, “crypto valley,” in Zug and its status as a tax-free haven for crypto investors.
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