I believe we would have a lot of other places were users enjoy the use of bitcoin and blockchain technology without any interference from any government agency, I think in no time, we are going to still have much more adoption this way because there is a crisis coming to the economy of so many countries of the world, and the only saving grace at that time would be crypto, this is why a lot of persons are already buying as much bitcoin as they can purchase.
I am not sure whether your idea about having a free market will be fulfilled as more governments around the world are trying to come up with rules and regulations to have a foot hold on the market situation and trying to extract money from the investors as much as they can, government will interference in a space where money is involved and there is nothing that can be done, if there is an financial crises i am not sure how people will trust a volatile market to invest, only time can prove this theory right. 
Topic: Is Switzerland truly the best place for a crypto project? (Read 616 times)
I believe we would have a lot of other places were users enjoy the use of bitcoin and blockchain technology without any interference from any government agency, I think in no time, we are going to still have much more adoption this way because there is a crisis coming to the economy of so many countries of the world, and the only saving grace at that time would be crypto, this is why a lot of persons are already buying as much bitcoin as they can purchase.
One of the richest countries in the world, but well placed and well managed. Great setup economic wise and tax is more localised then many countries, lots of positives. Isnt somewhere with great solar or hydro power going to be quite well placed for mining at least, if its innovation alot of countries are trying to welcome crypto startups with various strengths to placement and recruitment in that area
That part is a major deal because if you require tax registration every time you move a token from one wallet to another, its going to produce a truck load of paperwork to stay legal. It ends up being nonsense and is in danger of criminalising a population for just simple usage. Maybe Switzerland has a less restrictive tax regime and securities dont need constant paperwork to book gains and declare taxes depending on that days official exchange rate but if it does require all that its not workable
Quote
I don't think that something called 'Crypto Valley' can go on without recognizing cryptos as money. What are your thoughts on this matter?
That part is a major deal because if you require tax registration every time you move a token from one wallet to another, its going to produce a truck load of paperwork to stay legal. It ends up being nonsense and is in danger of criminalising a population for just simple usage. Maybe Switzerland has a less restrictive tax regime and securities dont need constant paperwork to book gains and declare taxes depending on that days official exchange rate but if it does require all that its not workable
Switzerland is incredibly expensive.
A McDonalds six piece costs like $20!
A McDonalds six piece costs like $20!
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?
When you use word crypto you need to say what you mean by that. You mean by that Bitcoin or Monero. Or you mean by that some security that was issued and sold in a ICO? How can a security be money and not an asset?
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.
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
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.
Given the reputation of Switzerland and the support of cryptocurrency in this country, these are excellent conditions for investment.
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.
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. 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.
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
"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.
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.
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.
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
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.
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.
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.
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.
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
Jump to: