LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
Blockchain Technology

Zurich, Emerging Fintech and Blockchain Hub For Startups

by Joseph Young
November 30, 2016
in Blockchain Technology
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

Switzerland, Zurich in particular, is a home to many of the digital currency industry’s leading startups and organizations including Xapo, Ethereum, Metaco, and Lykke.

As a leading global city and one of the world’s largest financial centers, Zurich has been providing a favorable entrepreneurial environment for fintech startups, through effective financial regulatory frameworks and policies.

In June, Swiss Parliament announced the official deregulation of blockchain startups, submitting a motion which exempts cryptocurrencies from its existing regulatory framework for financial institutions and companies.

The motion, which is expected to be processed by the fall of 2016, will offer blockchain and bitcoin startups freedom to launch various products, services, and operations, without having to deal with tight regulations and policies.

The practicality of the city’s regulations have led to the increase in the population of blockchain and fintech-focused startups, expanding the market for local investors and venture capital firms.

According to a recent study released by Fintech Switzerland, Zurich has produced nearly 66% of the country’s top  fintech startups, with large venture capital-backed startups including bitcoin wallet and vault storage provider Xapo leading the Swiss cryptocurrency / blockchain industry.

Amongst Switzerland’s top 30 fintech startups, Fintech Switzerland’s study reveals that 5 companies are focused on bringing bitcoin and the blockchain technology to mainstream users. Some Swiss startups including iProtus and Monetas have demonstrated unique implementations of the blockchain technology in various industries and markets, such as the health care, automotive, marketing, and financial industries.

Monetas for instance, won the Swisscom Startup Challenge 2015 and secured a US$7 million funding round from notable investors, which valuates the company at around US$90 million.

With UK blockchain and bitcoin startups pondering serious move from London to Berlin due to the Brexit and the United States’ strict regulations for digital currency startups, Switzerland and Zurich could become the leading center for blockchain startups and financial technologies.


Image Source

Related Posts

Aptos Labs and Microsoft Team Up in the Name of Blockchain
Blockchain Technology

Aptos Labs and Microsoft Team Up in the Name of Blockchain

Microsoft has teamed up with layer-1 blockchain firm Aptos Labs to further establish its presence in both the web3...

by Nick Marinoff
September 24, 2023
Luke Stokes: Blockchain Could Easily Save the World
Blockchain Technology

Survey: Blockchain Jobs Are Becoming Much More Common

Blockchain is arguably becoming one of the most innovative and important technological trends in the world. More Companies Are...

by Nick Marinoff
September 20, 2023
A Whole New String of Blockchain Games is Available to Players
Blockchain Technology

A Whole New String of Blockchain Games is Available to Players

There are a lot of big and exciting things happening in the world of blockchain gaming. For starters, Gala...

by Nick Marinoff
September 18, 2023
Analysts Think Coinbase Will Succeed in the SEC Lawsuit
Blockchain Technology

Base, the Layer-2 Network from Coinbase, Has Already Seen Tons of Action

Base – the highly anticipated layer-2 network of popular digital currency exchange Coinbase – is now live and has...

by Nick Marinoff
September 18, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Tether Uplifts Crypto World with 750M USDT Swap from Tron to Ethereum

  • 1xBit Rockets into the Future: Welcoming Algorand and Arbitrum as Novel Deposit Methods!

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3 innovation journey

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version