Switzerland beckons crypto enthusiasts with its accommodative laws
Switzerland has long been a global economic hub and today the country has emerged as one of the most attractive locations for crypto enthusiasts. The land of Toblerone and Lindt chocolates has more to offer crypto companies than most other places.
The Swiss government has a crypto-friendly legal framework in place that helps to lure in firms. Thanks to progressive laws, Switzerland is home to more than 900 cryptocurrency and blockchain firms.
The recent turmoil in the U.S. crypto-banking industry has left companies searching high and low for new partner banks. U.S. banks including Silvergate Capital, Silicon Valley Bank, and Signature Bank have shut shops recently, following the strict regulatory intervention.
In contrast, more and more traditional banks in Switzerland are now starting to offer customers the option to buy and sell crypto.
Switzerland’s fifth-largest bank PostFinance has partnered with digital assets bank Sygnum to provide customers with crypto services.
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