Home / Latest Breaking News / Switzerland's 'Crypto Valley' Zug Ranked 'Fastest-Growing' Tech Hub in Europe

Switzerland's 'Crypto Valley' Zug Ranked 'Fastest-Growing' Tech Hub in Europe

The Swiss town of Zug, house to crypto and blockchain construction hub “Crypto Valley,” has been ranked the fastest-growing tech neighborhood in Europe. Swiss startup information channel StartupTicker reported this on Dec. 6.

In step with the newest annual “State of Ecu Tech” document from London-headquartered international era funding company Atomico, Zug got here out best in a comparability of year-on-year enlargement of attendees to tech-related “meetup” occasions in keeping with Ecu town, with a 177 p.c build up as when put next with remaining 12 months:Comparison of YoY growth of attendees to tech-related meetup events per city

Comparability of YoY enlargement of attendees to tech-related meetup occasions in keeping with town. Supply: startupticker.ch

As Startupticker additional studies, Switzerland total had a weaker efficiency as when put next with different Ecu tech locations. The UK sealed the highest spot as most well-liked vacation spot for non-Ecu “global movers” into the rustic’s tech ecosystem, adopted by way of Germany and France — with Switzerland in 10th position — in the back of nations such because the Netherlands, Eire, Sweden and Belgium.

Neither did Switzerland make it onto the record of U.S. device engineers in quest of employment in Europe.

Nevertheless, the Atomico document known tough Swiss company funding in era, with Zürcher Kantonalbank ranked 2nd “maximum lively” Ecu company investor, in the back of simplest France’s BNP Paribas.

As reported previous this week, the rustic’s nationwide postal carrier Swiss Put up and state-owned telecoms supplier Swisscom have simply introduced a partnership on a “100 p.c Swiss” blockchain infrastructure. Its key premise is to supply a carrier that keeps all information inside Switzerland, and that may meet the safety necessities of banks, in a bid to pressure the Swiss financial system to “briefly download a number one place” in growing use instances for the era.

Switzerland has a favorable recognition amongst innovators, sealing the highest spot of maximum “blockchain-friendly” Ecu Union nation this spring. Maximum lately, the Swiss Minister of Finance, Ueli Maurer, has however indicated that during lieu of organising a blockchain- or crypto-specific felony framework, the rustic as a substitute plans to tweak present rules to accomodate the brand new era and its monetary programs.

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