Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout

Switzerland's Famed "Crypto Valley" Seeks $103 Million Government BailoutSwitzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102.7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of 203 firms surveyed by the Swiss Blockchain Federation recently warned of imminent bankruptcy. Only half of […]

The post Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Swiss Resort Town Zermatt Accepts Bitcoin for Government Services

Swiss Resort Town Zermatt Accepts Bitcoin for Government ServicesZermatt, a municipality in Switzerland at the foot of the Matterhorn known for its ski resort, has started accepting bitcoin for government services. The Zermatt town hall now has a point-of-sale solution, installed by Zug-based Bitcoin Suisse, to accept the cryptocurrency. A spokesperson for the municipality has shared more details with news.Bitcoin.com. Also read: Dubai […]

The post Swiss Resort Town Zermatt Accepts Bitcoin for Government Services appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Dubai Seeks to Create its own Crypto Valley fro Blockchain Development

Various countries are looking to embrace cryptocurrencies. Dubai is one of those regions, although it appears the focus will shift to blockchain first and foremost. It is not the first time a country creates its own ‘Crypto Valley“. A new Crypto Valley in Dubai This concept has been popularized by Switzerland, in the Zug region.  Now Dubai is looking to do the exact same. Together with the DMCC, the goal is to create an ecosystem for cryptographic, blockchain, and distributed ledger technologies.  Fostering growth and collaboration in all of these industries is crucial to  achieve mass adoption . As part

The post Dubai Seeks to Create its own Crypto Valley fro Blockchain Development appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

Dubai Launching Crypto Valley in Tax-Free Zone

Dubai Launching Crypto Valley in Its Tax-Free ZoneA Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, […]

The post Dubai Launching Crypto Valley in Tax-Free Zone appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year

Companies Continue to Flock to Swiss Crypto Valley, Over 1,000 Jobs Added in a YearCrypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies. Their number has increased for a third consecutive […]

The post Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico