Switzerland Ranked Top 10 Most Blockchain Friendly Countries

Switzerland Ranked Top 10 Most Blockchain Friendly Countries

A study recently released by the blockchain conference BlockShow Europe, ranks Switzerland is the number one blockchain friendly country out of the top 10 European countries on the list.

The study evaluated 48 European countries. They each were ranked by ICO regulations, regulations on cryptocurrency as a payment service, as well as taxation framework.

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Zug, a city located inside Switzerland is known as the “Crypto Valley”  of the world. It has also been known as a tax-free safe haven for crypto investors and is meant to become the global center for innovative blockchain technology.

Malta, also known as a blockchain island for crypto exchanges like OkEx and Binance and Gibraltar who has attracted over 200 ICO’s were also found at the very top of the list.

BlockShow will also be hosting a poll where users can vote on companies who lead the blockchain space within the European Union. Winners of the poll will be announced at the blockchain conference at the end of May.

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