Topic: Is Switzerland truly the best place for a crypto project? - page 2. (Read 616 times)
As it is a country providing with legal support on cryptocurrency it seems to be a good pick, but at the same time establishing into Switzerland won't make a big difference. Maybe the money flow is big, but at present cryptocurrency needs usage by the common people same as the fiat. This needs a vast number of users, upon which it is good to focus on big countries than small nations.
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?
Any where in the world could be a nice place to do a project with crypto and blockchain except for those place who bans it because somehow in the future all people will still use it.
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?
For a financial management agency, all value should be on paper and they want to make it legal.ICO projects and ICO businesses are only valid on the internet but this is really a vague value. it can die at any time like many other big dead altcoins like Bitcoinnect, ARCHcoin, ...
In order to ensure the safety of investors, the financial management agency only wants to obtain the number of assets corresponding to what is recorded in the market.
This is really very difficult and it is also a big defect. We need a lot of time to solve this problem.
yes, with good money management, and also open to crypto, switzerland can be an ideal country for crypto.
Well amazingly Switzerland might be one the best place for crypto no doubt that they will become the leading blockchain country all over the world. Their passion about the technology is very bold and clear embracing it like there’s no tomorrow, they are just showing how big and serious they are about blockchain industry knowing its benefits.
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?
Any where in the world could be a nice place to do a project with crypto and blockchain except for those place who bans it because somehow in the future all people will still use it.
Switzerland loves money, and money loves Switzerland, cryptocurrency support from the authorities of this country says a lot, namely that smart people understand global trends and will not support false projects and pyramids. This country is an indicator of success. And if they are in business it is not necessary to treat the cryptocurrency seriously.
Switzerland is a country that is known as the bank of the whole world. Maybe it's one of the best options for your money in this environment.
Sir, you contradict yourself.
You're criticizing Crypto Valley because they don't recognize cryptos as money, yet you don't recognize cryptos as money either! You state that cryptos should be considered property or securities, both of which are stores of value or investment assets, not currencies.
Perhaps I wasn't clear, but that was not what I meant. I said that (a) Switzerland thinks cryptos are assets, (b) I think cryptos should not be treated as assets and (c) something called 'Crypto Valley' should recognize cryptos as money.The canton of Zug is known as Crypto Valley...I've been reading about it lately... I think a significant downside is that cryptos are assets, not means of payment in this country.
My thought is that cryptos should not be treated as property or securities, because that's not what they are.
I don't think that something called 'Crypto Valley' can go on without recognizing cryptos as money.
You're criticizing Crypto Valley because they don't recognize cryptos as money, yet you don't recognize cryptos as money either! You state that cryptos should be considered property or securities, both of which are stores of value or investment assets, not currencies.
Switzerland is a country apart when it comes to the finance industry, money is not a taboo there and it has often been ahead of many other countries. For example, the country didn't have a problem to manage/store Hitler's funds.
Sure cryptos aren't properties or securities but see yourself how people here are happy to see new regulations, claiming "it will help cryptos!" "Bitcoin is an investment!"...the community shoots himself in the foot, We can only blame ourselves
Switzerland is focused on maximising profits. It protected itself from radical religious groups by not allowing to kill animals in a Kosher and Halal ways. It kind of welcomed both sides during WW2, and I think the reason it's sticking to calling cryptos assets because otherwise it can risk losing a great banking system. Switzerland is still the most trusted country to store fiat. If they proclaimed cryptos another kind of money, the banks would probably disagree. If crypto is just property, however, it means that it's not competing with banks and fiat. It's just a smart way of getting more profits (also, cryptos would not have been taxed if they were recognized as money), but you are right that it's the crypto community's fault that we let it happen. Sure cryptos aren't properties or securities but see yourself how people here are happy to see new regulations, claiming "it will help cryptos!" "Bitcoin is an investment!"...the community shoots himself in the foot, We can only blame ourselves
Swiss nation always made a name for themselves by having a lot of foreign currency in their market. That is their specialty and allows them to have the upper hand in any currency situation. They have laws that help them attract people with a lot of money into their nation and invest there or at least put their money there. They found the trick, if you give them 10 billion dollars out of nowhere, they will not ask where you found that money and won't care even if you are a drug dealer or worse like a wall street broker. In exchange for that they do not give you any interest rate or maybe too little rate. Shady rich people put their money there without worrying about paying taxes in US while they keep money there.
Same applies for crypto, you can have 50 thousand bitcoins and in USA you will have to pay taxes for it, in Switzerland nobody asks you anything about how you got it and you don't pay any taxes.
Same applies for crypto, you can have 50 thousand bitcoins and in USA you will have to pay taxes for it, in Switzerland nobody asks you anything about how you got it and you don't pay any taxes.
I would much rather launch any new Bitcoin project in a country like Japan, because the Japanese government is open to accepting Bitcoin as a currency and they are also supportive of Bitcoin Self regulation.
Switzerland has lately followed guidance from the US government and things like privacy has been watered down through US influence. I would much rather launch a new Bitcoin project in a country that are open-minded towards Crypto currencies and who will respect some of my anonymity concerns.
Switzerland has lately followed guidance from the US government and things like privacy has been watered down through US influence. I would much rather launch a new Bitcoin project in a country that are open-minded towards Crypto currencies and who will respect some of my anonymity concerns.
It is true that Switzerland it is very popular among projects related to cryptocurrencies, but in my opinion the world capital of crypto is Malta.
I know Malta want to be a base for crypto in the past but what advantage can they offer. Would cost of power be quite relevant still, there is surely some cost perhaps labour that is most vital to crypto.Switzerland could be good just because it has a fairly open attitude to all business. Classing crypto as securities means it would not normally be handled by ordinary public where as money usually is, but this also depends how much difficulty they put into anyone holding securities as a free member of the public. I assume there is no great difficulties to do so and its purely a disclaimer type difference
Malta for sure is not good place to open crypto mine, so for sure it is not about costs of electricity.
Malta is a good place for all kinds of commercial activities based on cryptocurrencies - mainly exchanges (for example Binance). It is a comfortable place when it comes to legal regulations and taxes. The government is very friendly to cryptocurrencies - this is the main advantage.
Sir, you contradict yourself.
You're criticizing Crypto Valley because they don't recognize cryptos as money, yet you don't recognize cryptos as money either! You state that cryptos should be considered property or securities, both of which are stores of value or investment assets, not currencies.
The canton of Zug is known as Crypto Valley...I've been reading about it lately... I think a significant downside is that cryptos are assets, not means of payment in this country.
My thought is that cryptos should not be treated as property or securities, because that's not what they are.
I don't think that something called 'Crypto Valley' can go on without recognizing cryptos as money.
You're criticizing Crypto Valley because they don't recognize cryptos as money, yet you don't recognize cryptos as money either! You state that cryptos should be considered property or securities, both of which are stores of value or investment assets, not currencies.
It is true that Switzerland it is very popular among projects related to cryptocurrencies, but in my opinion the world capital of crypto is Malta.
I know Malta want to be a base for crypto in the past but what advantage can they offer. Would cost of power be quite relevant still, there is surely some cost perhaps labour that is most vital to crypto.Switzerland could be good just because it has a fairly open attitude to all business. Classing crypto as securities means it would not normally be handled by ordinary public where as money usually is, but this also depends how much difficulty they put into anyone holding securities as a free member of the public. I assume there is no great difficulties to do so and its purely a disclaimer type difference
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?
I think that creating a crypto project in Switzerland would be quite expensive.Crypto taxes might be low,but all the other costs would be higher.There are many questions to be answered.Where will be the hosting/servers?In Switzerland or some other country?Where will be the crypto dev team location?Offshore islands might be a better option for crypto projects.
I think Switzerland has the leading edge to become a safe haven for the cryptocurrency, just like what they've done with fiat. Switzerland is well known for bank secrecy and client confidentiality, features similar to cryptocurrency's anonymity. Surely, they will find ways to play a big role in this blockchain era.
For example, if someone launches a regulated cryptocurrency exchange in Swiss, traders will feel more secure about their assets and data protection.
For example, if someone launches a regulated cryptocurrency exchange in Swiss, traders will feel more secure about their assets and data protection.
Nope, though the country has relatively have some.good reputations on cryptocurrency basing on the feedback of the users, clients or the investors. However, best project may come to any place. It is just that how the project is being market and how team works for the project. If the team works hard foe the success of the project after the money then that will work but most failed project were because team were only after the money and not the success of the project.
like most of the current ico projects that lack glow, scam and a lot of fraud, because one of them is the impact of the decline in bitcoin prices. but many say that Malta is a place for a good crypto business today. provided that a country's government provides flexibility to develop, and is supported by a project that is truly, I think it will make a quality project
It is true that Switzerland it is very popular among projects related to cryptocurrencies, but in my opinion the world capital of crypto is Malta.
Nope, though the country has relatively have some.good reputations on cryptocurrency basing on the feedback of the users, clients or the investors. However, best project may come to any place. It is just that how the project is being market and how team works for the project. If the team works hard foe the success of the project after the money then that will work but most failed project were because team were only after the money and not the success of the project.
There are other countries like Estonia, Liechtenstein, and so on that also claimed to be crypto friendly because they have regulations for crypto business. Most ICO register themselves here.
Most of the times ICO is securities, it's hard to believe ICO is not securities because people invest on it for profits. Not surprised when they consider ICO securities, but I'll be surprised if they categorized Bitcoin as securities.
Most of the times ICO is securities, it's hard to believe ICO is not securities because people invest on it for profits. Not surprised when they consider ICO securities, but I'll be surprised if they categorized Bitcoin as securities.
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