| | OCTOBER 31st, 2016
"The single biggest problem in communication is the illusion that it has taken place." – George Bernard Shaw
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Who would have thought that beautiful, peaceful Switzerland could become a hotbed of blockchain activity?
Lured by the country’s low tax rate and progressive regulation, a number of startups have set up shop in the area around the cantons of Zug and Zurich, an area that's becoming known as “Crypto Valley”. Add a decentralized government, a tradition of financial privacy and a stable political environment to the mix, and you have the ideal setup for a strong and growing blockchain community.
As the demise of banking secrecy threatens to disrupt the country's role in global finance, the regions are struggling to define the role they want to play in fintech. The outlook for local cryptocurrency legislation is uncertain, but the willingness of some local regions to promote bitcoin transactions seems to be acting as an invitation. (Read the full story.)
Wait, there's more:
· MasterCard releases new blockchain APIs. More info.
· Private or public blockchain networks for B2B? One opinion.
· A look at the role of Israel’s financial sector in blockchain adoption. Read more.
· Clinton thought bitcoin was “too libertarian”. Ideas on why.
· It was a crazy week in cryptocurrency prices. The gripping details.
· Bitcoin’s block size debate is getting even more complicated. How?
· How do bitcoin and Zcash compare? Find out.
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