US was just ahead on europe on this one, i am pretty sure that EU will follow on the regulations after it sees how much people are avoiding taxes and moving funds without governements knowledge. I don't think that they are yet grasping on the whole scope of the cryptocurrencies.
The powers that be in the EU are aware, but tolerate cryptocurrencies as this is their chance to catch up with Silicon Valley. The EU has no Google, Amazon, Apple or Microsoft, but oh, how they wish they had.
In this light, I wonder if SelfKey is in a way a competitor to the Estonian E-residency.
Switzerland is a good base for crypto firms
Switzerland will be like Silicon Valley of the cryptoworld. Since American government through SEC gives cryptoprojects additional problems, they have to move to the country that enhances crypto development. And Switzerland, that is famous for confidentiality of its banking system, knows how important anonymity is.
BTW, what's the crypto passport?
very much confidential is their banking system not more. there were several severe leaks from bank employees to the german tax government lately and many people are brutally pissed about the swiss...
