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Switzerland Ranked #1 as the Most Crypto-friendly European Country

The European Blockshow 2018 report has ranked Switzerland as the top rated cryptocurrency friendly nation in Europe. The ranking was based on all European countries that have the friendliest regulations on сгурtоcuггencies and blockchain related projects.

Blockshow Europe ranked each European country by using criteria based on regulation of ICOs, regulation of cryptocurrency as means of payment, and taxation including specific taxes on cryptocurrencies as payment and capital gains. All rankings of the countries were 0-10, with “0” being the most negative and “10” being perfect. The report states that the final rating for the country or territory, “is derived by the sum of these sub-ratings and the report provides highlights for the top ten domiciles.”

The ranking shows Switzerland as the #1 nation for cryptocurrency for the fact that Switzerland has become a genuine central hub for сryptocurrency related projects from around the globe.

One reason Switzerland is doing so well in regards to cryptocurrency and blockchain projects is due in large part to the Canton of Zug. Zug is home to the “Crypto Valley” project, which is an independent government-backed group. Their sole purpose is to create a “world leading blockchain and сгурtоgraphic technologies ecosystem.”

Switzerland has also become home to many big blockchain projects including Bancor, Dfinity, Ethereum Foundation and numerous others.

The rest of the top ten come in as follows:

  1. Gibraltar
  2. Malta
  3. United Kingdom
  4. Denmark
  5. Germany
  6. Portugal
  7. The Netherlands
  8. Finland
  9. Belarus

If you would like to attend the Blockshow Europe Event, it will be taking place in Berlin, Germany on May 28-29, 2018 at the Estrel Berlin Congress Center. BlockShow Americas will take place in Las Vegas, Nevada on August 20-21 and BlockShow Asia will be in Singapore on November 29-30, 2018.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee