Train: The crypto paradise that Silicon Valley exceeds!

Train: The crypto paradise that Silicon Valley exceeds!

Zug, Schweiz - What do Silicon Valley and Zug have in common? Both regions stand for Innovation and progress, but while the California Eldorado is known for technology companies, an entire ecosystem around cryptocurrencies and blockchain is booming in the small Swiss city of Zug. The concept of the Crypto Valley, which the South African entrepreneur Johann Gevers in 2013, has developed rapidly since then and is attracting more and more technology enthusiasts.

Zug, a charming city with around 30,000 inhabitants, has established itself as a crypto hotspot and now houses over 700 blockchain companies with a total value of impressive USD 382.93 billion. The former mayor Dolfi Müller emphasizes the open and supportive access of the city to new technologies. This inviting attitude probably also contributed to the decision of Vitalik Buterin to found Ethereum in Zug, which the city continued to focus in 2014.

a strong foundation for crypto innovation

The rise of Ethereum on the second largest cryptocurrency worldwide is a clear indication of the influence that the train has on the blockchain world. The Ethereum Foundation, as the first blockchain foundation, has created legal precedents and laid the basics for many innovations. Switzerland has nine crypto "unicorns", i.e. companies that are worth over 1 billion USD, including known names such as Cardano, Polkadot and Nexo, which brings the country the title "Crypto Nation".

Switzerland offers a business-friendly environment with a decentralized political system and a high quality of life, which attracts not only start-ups, but also established companies. To date, there are over 1,100 blockchain companies in the region, with Zurich, Lugano and Geneva becoming part of the crypto Valley. A clear announcement in the industry!

crypto taxes and a supportive banking system

Another advantage for crypto investors in Switzerland is the tax regulation. There are no capital gains tax for private investors, as long as certain conditions are met: stocks must be kept at least six months, the profits must not exceed 50% of the total income, and a wealth tax on crypto stocks of only 0.125% is collected-a ridiculously low quota compared to many other countries.

The banking landscape in Switzerland is also excellently positioned. Traditional banks such as UBS and Credit Suisse work hand in hand with specialized crypto banks such as Seba and Sygnum. A good example of this is Bitcoin Suisse, which was founded in 2013 and has now managed over CHF 3 billion in customer assets. In 2014 they enabled the first cryptocurrency crowdfunding campaign for Ethereum and thus contribute to the development of the market.

Future view

The hardships of the recent years have not harmed the crypto industry in Switzerland. In 2023, Swiss crypto companies collected astonishing $ 283.5 million in 47 financing rounds. With over 3,000 direct workplaces in the crypto sector and hundreds in supporting industries, it turns out that the train and the crypto Valley are not only a temporary trend, but also a constant size in the world of technology.

It remains exciting to observe how the blockchain ecosystem develops and whether it can even rise beyond the Swiss borders to new heights. The course are set and the actors are ready - it is time to catch up in the rest of Europe!

If you want to learn more about the impressive development of the crypto Valley, you will find exciting information at bravenewcoin.com cryptolicence.io and legal framework on admin.ch .