Major Russian Banks Looks To Pilot Crypto Transactions in Switzerland
From Cointelegraph
Read more: https://bit.ly/2pVSsSE
Switzerland is a safe place for cryptos because of its liberal nature towards cryptocurrency. There are a lot of startup companies investing in blockchain and cryptocurrency relocating to Switzerland. According to news from https://www.express.co.uk:
Oliver Bussmann, the former head of innovation and IT at the Swiss bank UBS said that to date, more than 50 start-ups from the crypto and blockchain world have settled in the canton.
You can read more here
The canton of Zug is a town well known for Cryptocurrency in Switzerland. It has become a hub for investors in cryptocurrency and blockchain technology. Cryptocurrency exchange company Bitfinex is planning on relocating its new business headquarters to Zug in Switzerland. You can read more on that here
The acceptance of this technology is bringing in more investors from foreign countries like Russia. Gazprombank and Sberbanks are banks from Russia that are operating in Switzerland.
Malta is another country known for its acceptance and liberal nature in cryptocurrency. This has prompted cryptocurrency exchange company Binance to relocate its headquarters to Malta. The prime minister of Malta Joseph Muscat made these comments in a political rally in Mqabba. He said:
Binance is far from being the only company interested in headquartering their operations in the country. He went on to say:
"The most exciting part is that they (Binance) are not the first. They hit the headlines because they are the biggest ones".
You can click here for more on this news.
In the future, we hope to see more countries like Malta and Switzerland creating an enabling and friendly environment for cryptocurrency and blockchain technology.
Follow @orukpeyendis for more post like this. Please leave your thoughts and comments below.
Sign up and receive free basic income token from manna. You are entitled to receive manna basic income token for free just by signing up. Here is the link to sign up for manna. Please note that this is a referral link.
Dear friend, you do not appear to be following @wafrica. Follow @wafrica to get a valuable upvote on your quality post!
We recommended this post here and here.
Send 0.01 SBD/STEEM bids to @minnowbacker with the link to post you would like voted on as the memo! You will receive a guranteed profit.