Tax havens and business paradises such as Bermuda, Gibraltar, Liechtenstein, and Malta are fiercely strategizing about how to attract crypto entrepreneurs. These countries and territories are passing or easing legislation to make their environments more enticing for crypto businesses. The New York Times reports.
Not only small countries, overseas territories, and European principalities want to incubate and lead the crypto industry. France and Switzerland also wish to be hubs of this industry.
For instance, admitting that he once was wrong regarding cryptocurrencies, the French Finance Minister Bruno Le Maire now calls for making France the epicenter for blockchain and cryptocurrency technologies.
In effect, in March 2018, Le Maire emphasized that “the interests are aligned” between the government on one side and the crypto community on the other. And, he outlined his plans to back the French blockchain and crypto industry, assuring entrepreneurs of his “total and determined support.”
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