Is Switzerland truly the best place for a crypto project?

[ecnalubma]

Well amazingly Switzerland might be one the best place for crypto no doubt that they will become the leading blockchain country all over the world. Their passion about the technology is very bold and clear embracing it like there’s no tomorrow, they are just showing how big and serious they are about blockchain industry knowing its benefits.

[biskitop]

yes, with good money management, and also open to crypto, switzerland can be an ideal country for crypto.

[binhvo1505]

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?

For a financial management agency, all value should be on paper and they want to make it legal.
ICO projects and ICO businesses are only valid on the internet but this is really a vague value. it can die at any time like many other big dead altcoins like Bitcoinnect, ARCHcoin, ...
In order to ensure the safety of investors, the financial management agency only wants to obtain the number of assets corresponding to what is recorded in the market.
This is really very difficult and it is also a big defect. We need a lot of time to solve this problem.

[wahyu wida]

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?

Any where in the world could be a nice place to do a project with crypto and blockchain except for those place who bans it because somehow in the future all people will still use it.

With the government legalizing crypto and giving freedom to crypto, I think it will be a good country for its development. besides Switzerland, we know Malta is also a paradise for crypto

[romero121]

As it is a country providing with legal support on cryptocurrency it seems to be a good pick, but at the same time establishing into Switzerland won't make a big difference. Maybe the money flow is big, but at present cryptocurrency needs usage by the common people same as the fiat. This needs a vast number of users, upon which it is good to focus on big countries than small nations.

[bajingluncat]

That also happened in my country on February 9, yesterday, critpo was legitimately admitted and could be traded on the exchange but only as a futures investment asset, my country still could not make bitcoin a currency or a transaction tool because it was against the applicable law, but I am optimistic that this is a good start, every thing needs a process and regulations can sometimes change, although it seems impossible but at least my country has admitted it, and hopefully has a positive impact on the market, which I see even though there is no significant price increase but at least the price Bitcoin is currently not touching the lowest point

[aad140386]

I think it all depends on what cryptocurrencies are meant. Some cryptocurrencies can really fall into the category of assets, because in fact they are analogous to stocks and can bring additional income to their owners. Bitcoin is certainly not an asset and can only act as a means of payment. I was not interested in how well laws in Switzerland are implemented in relation to cryptocurrencies, but Switzerland is still one of the countries that is most loyal to cryptocurrencies. The legal framework is only beginning to form, so it is more important that regulators are loyal to cryptocurrency and try to develop the most convenient laws.

[makoto1337]

Generally Switzerland is a good place if you are doing a sincere, legitimate project and are not planning to collect money in an ICO-style from random people. If you take lots of money from random investors, it can be quite difficult to access financial services or build your business. Instead, doing things in a slow, sincere way is the best.

[Douglasyukanov]

centralized world finance in Switzerland all countries put their trust in saving their reserves in Switzerland, and it is a concern if many crypto projects carry out their legality in Switzerland because they invite a level of investor confidence,
but regulation in Switzerland is very professional and maintains private participants if it has been legalized a part of a good company for the crypto project.

[avarnet]

that's right because the Swiss country is a well-developed country and is perfect if crypto projects are made in that country, because I'm sure it will succeed

[aleandromagno]

It is true that Switzerland is a very well developed country and is friendly to projects related to the cryptocurrency market, but does not perform well in statistics related to the costs of doing business. In my opinion, Singapore looks much better, and in Europe - Malta and Cyprus.

[guoyu78]

"Best" is a really loose term. Is it a good place to start a crypto project ? Yes, it definitely is, is it the BEST ? I don't know. It all depends on the type of project you want to start I suppose.

If you want to start a small crypto company than I am sure its a good place and you can have a reach to whole world from there if you can afford marketing enough and get your name heard and there will be people who are interested in your company enough to work there and all the financial laws and infrastructure is already built there so everything is perfectly ready.

However, coinbase for example is based in USA silicon valley and they are literally reaching all Americans from there, maybe more taxes and issues but they are at least the leader in the USA which is a huge country to be based in. Basically what you want to do should decide where you should do it.

[metalglowd]

As far as I know, some European countries like Switzerland, Estonia, Malta are friendly countries for cryptocurrency, but that certainly does not mean it will be easy to build crypto projects in that country. There must also be certain strict rules regarding this. At least if you build crypto projec on those country, it can guarantee to be the top project

[eaLiTy]

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?

Crypto is a really broad term here, the projects which are run are collecting money initially with the help of ICO and they can be seen as securities or bonds or shares for the project we are investing, there is nothing wrong in it but i am sure Switzerland accepts bitcoin as a currency as i have read some features earlier that you could purchase bus tickets with bitcoin. There are many places that are crypto friendly like Singapore, Honk Kong and Japan.

[St4yInTh3D4rk]

As far as I know, some European countries like Switzerland, Estonia, Malta are friendly countries for cryptocurrency, but that certainly does not mean it will be easy to build crypto projects in that country. There must also be certain strict rules regarding this. At least if you build crypto projec on those country, it can guarantee to be the top project

crypto currencies are decentralized so it doesn't belong to any country even if it is originated from their,maybe they have their own regulations of using crypto there but what about the people from other countries,they will keep using as their wish.Everyplace is good to make crypto projects but if it is an crypto friendly country then chances of getting local investors will be more.

[andriarto]

As far as I know, some European countries like Switzerland, Estonia, Malta are friendly countries for cryptocurrency, but that certainly does not mean it will be easy to build crypto projects in that country. There must also be certain strict rules regarding this. At least if you build crypto projec on those country, it can guarantee to be the top project

crypto currencies are decentralized so it doesn't belong to any country even if it is originated from their,maybe they have their own regulations of using crypto there but what about the people from other countries,they will keep using as their wish.Everyplace is good to make crypto projects but if it is an crypto friendly country then chances of getting local investors will be more.

indeed crypto is not owned by a country, therefore investors certainly look for countries that have loose regulation of crypto. incidentally Switzerland is a country that fulfills these conditions. therefore I think there will be more bitcoiners there, because the state gives freedom

[Zalaster]

Given the reputation of Switzerland and the support of cryptocurrency in this country, these are excellent conditions for investment.

[Ranly123]

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?

It is not only that they acknowledge cryptocurrency but they also have low power bills that most miners want to invest. Given the fact that cryptocurrency in Switzerland is widely acknowledged, they are also open on technology adoptation.

[incomefromcoins]

swiss is going to become the crypto most prefered destination we can say the main reason is swiss crypto policies is user-friendly for crypto  companies to start their operations

[BitcoinTurk]

Switzerland is one of the ideal countries to carry out all kinds of financial activities. Of course, some regulations in this sector to be done and not be left completely free is something that restricts us, but compared to all countries, the only place where economic freedom and freedom in this sector is the Switzerland.