Is Switzerland truly the best place for a crypto project?

[Febo]

The canton of Zug is known as Crypto Valley, because of support of blockchain-related projects and mild taxation of operations with cryptocurrencies. I've been reading about it lately, and while it is cool that the government really supports various projects, I think a significant downside is that cryptos are assets, not means of payment in this country. Also, even though Swiss financial regulator acknowledges that there are different ICO projects (with utility and asset tokens, but they also distinguish payment tokens as the third type), they are treating utility tokens as securities:https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/! My thought is that cryptos should not be treated as property or securities, because that's not what they are. No matter how sweet the policies are there towards cryptocurrencies, I don't think that something called 'Crypto Valley' can go on without recognizing cryptos as money. What are your thoughts on this matter?

When you use word crypto you need to say what you mean by that. You mean by that Bitcoin or Monero. Or you mean by that some security that was issued and sold in a ICO?  How can a security be money and not an asset?

[Deylandra]

Switzerland is incredibly expensive.

A McDonalds six piece costs like $20!

[STT]

One of the richest countries in the world, but well placed and well managed.   Great setup economic wise and tax is more localised then many countries, lots of positives.    Isnt somewhere with great solar or hydro power going to be quite well placed for mining at least, if its innovation alot of countries are trying to welcome crypto startups with various strengths to placement and recruitment in that area

I don't think that something called 'Crypto Valley' can go on without recognizing cryptos as money. What are your thoughts on this matter?

That part is a major deal because if you require tax registration every time you move a token from one wallet to another, its going to produce a truck load of paperwork to stay legal.    It ends up being nonsense and is in danger of criminalising a population for just simple usage.    Maybe Switzerland has a less restrictive tax regime and securities dont need constant paperwork to book gains and declare taxes depending on that days official exchange rate but if it does require all that its not workable

[Kiweikoo]

I believe we would have a lot of other places were users enjoy the use of bitcoin and blockchain technology without any interference from any government agency, I think in no time, we are going to still have much more adoption this way because there is a crisis coming to the economy of so many countries of the world, and the only saving grace at that time would be crypto, this is why a lot of persons are already buying as much bitcoin as they can purchase.

[SaShiRaJaVu]

I believe we would have a lot of other places were users enjoy the use of bitcoin and blockchain technology without any interference from any government agency, I think in no time, we are going to still have much more adoption this way because there is a crisis coming to the economy of so many countries of the world, and the only saving grace at that time would be crypto, this is why a lot of persons are already buying as much bitcoin as they can purchase.

I am not sure whether your idea about having a free market will be fulfilled as more governments around the world are trying to come up with rules and regulations to have a foot hold on the market situation and trying to extract money from the investors as much as they can, government will interference in a space where money is involved and there is nothing that can be done, if there is an financial crises i am not sure how people will trust a volatile market to invest, only time can prove this theory right.