Crypto Valley – Switzerland Blockchain Technology Business Hub?

As you may have noticed, a lot of blockchain companies are based in Switzerland. Specifically, a growing number of companies are based in the canton of Zug, Switzerland, in a place that’s become known as “Crypto Valley”.

Just like Silicon Valley became the hub of the “dot com” boom, Crypto Valley wants to become the hub for the blockchain industry.

A website called CryptoValley.swiss aims to attract new blockchain companies to the region. The website is filled with information about Crypto Valley and its benefits to blockchain companies, decentralized businesses, and cryptography institutions. CryptoValley.swiss was created by an independent, government-backed organization called the Crypto Valley Association, which was founded in January 2017. We’ll talk more about them below.

CryptoValley.swiss describes the area as “one of the world’s most technologically sophisticated and innovation friendly locations.” It also lists local events, key benefits, and reasons to consider moving your decentralized business to Zug.

Zug, by the way, is located just south of Zurich, approximately halfway between Zurich and Lucerne.

What Does Crypto Valley Have To Offer?

The new CryptoValley.swiss website aims to share the benefits of Crypto Valley with the world. Here are some of the key benefits outlined by that website:

  • Home to visionary entrepreneurs and pioneers of cryptographic technology
  • Access to deep pools of capital and world-class engineering talent
  • Low taxes and friendly regulations
  • Deep-seated culture of privacy protection and decentralized institutions
  • Supportive startup ecosystem with world-class service providers
  • World-leading educational and research institutions
  • Friendly, accessible, and support government
  • Vibrant community and good quality of life

Obviously, Switzerland is widely recognized as being one of the world’s best countries in which to live and work. Swiss citizenship is notoriously hard to acquire. However, a growing number of blockchain-related businesses now call Crypto Valley home.

Why Is It Called Crypto Valley?

Crypto Valley refers to the ecosystem centered in and around the Swiss canton of Zug. Just like Silicon Valley, there’s no specific street in which Crypto Valley is located. It’s just a general name for the area due to the rapid centralization of blockchain-based businesses.

The rapid growth of blockchain businesses in the area has given rise to the name Crypto Valley. Some of the best-known companies with offices in the region include:

What Is The Crypto Valley Association?

The Crypto Valley Association is an independent, government-backed association. The organization was established in January 2017 – about 3.5 years after the first major blockchain company was founded in Zug.

The official CryptoValley.swiss website describes the company’s goal as “to take full advantage of Switzerland’s strengths to build the world’s leading blockchain and cryptographic technologies ecosystem.”

The term “Crypto Valley” has rapidly gained in popularity over the last year. The Swiss government appears to have recognized the power of blockchain technology, and they see an opportunity to attract the world’s best blockchain businesses to the region.

Obviously, Silicon Valley companies like Apple and Google contribute enormously to the economies of the United States and California. The Swiss government sees similar potential in upcoming blockchain companies – which is why they’ve backed Crypto Valley and the Crypto Valley Association.

How Does The Crypto Valley Association Help?

The Crypto Valley Association aims to attract new talent to the canton of Zug – including the world’s best blockchain companies and engineers.

Here’s how the association plans to do that:

“We support and connect startups and established enterprises through policy recommendations, projects across verticals, initiating and enabling research, and organizing conferences, hackathons, and other industry events.”

At the same time, the Crypto Valley Association seems to recognize that blockchain will always be an international industry, and that means they need strong international partnerships to succeed:

“With active connections to similar hubs around the world, we also ensure Crypto Valley’s participation in the global efforts to foster blockchain and cryptographic technology innovation.”

Who’s Behind Crypto Valley?

Contrary to what some people think, Crypto Valley didn’t spontaneously emerge out of thin air.

The project was initiated by Johann Gevers, who identified Switzerland as the ideal place to build blockchain technology due to its “decentralized, citizen-controlled political system, its centuries-old culture of individual rights, innovation, and entrepreneurship, its neutrality, stability, and business-friendly environment, and its world-class infrastructure and educational institutions.”

Gevers is the founder of Monetas. He moved his cryptofinance startup to Zug, Switzerland in July 2013. Soon after, he started building the Crypto Valley ecosystem in the canton by establishing supportive relationships with the authorities, attracting the best crypto startups, helping new companies setup operations, creating a network of expert professional service providers, and driving forward the best crypto-industry regulations.

Today, the Crypto Valley Association is led by Oliver Bussmann (President), Vasiliy Suvorov (Vice President), Rene Husler (Secretary and Treasurer), Sam Chadwick (Board Member), and Soren Fog (Board Member).

Crypto Valley Association Membership Pricing

The Crypto Valley Association offers two different membership levels, including:

  • Individual Member: 100 CHF
  • Corporate Member: 100 CHF

You can pay your membership fee using fiat or, understandably, using cryptocurrencies.

Crypto Valley Conclusion

Switzerland makes sense as the hub of the cryptocurrency industry. It’s a neutral, stable, highly-developed country with a long history of neutrality. The first cryptocurrency companies were founded in Zug in 2013. Earlier in 2017, the Crypto Valley Association was founded to push forward the region while attracting new businesses to the area.

You can learn more about Crypto Valley and the Crypto Valley Association today by visiting CryptoValley.swiss

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today