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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 group in Europe. Swiss startup information channel StartupTicker reported this on Dec. 6.

In keeping with the newest annual “State of Eu Tech” file from London-headquartered international era funding company Atomico, Zug got here out most sensible in a comparability of year-on-year enlargement of attendees to tech-related “meetup” occasions in line with Eu town, with a 177 % build up as in comparison with final yr: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 line with town. Supply: startupticker.ch

As Startupticker additional reviews, Switzerland general had a weaker efficiency as in comparison with different Eu tech locations. The UK sealed the highest spot as most well-liked vacation spot for non-Eu “global movers” into the rustic’s tech ecosystem, adopted via Germany and France — with Switzerland in 10th position — at the back of nations such because the Netherlands, Eire, Sweden and Belgium.

Neither did Switzerland make it onto the checklist of U.S. tool engineers looking for employment in Europe.

Nevertheless, the Atomico file recognized tough Swiss company funding in era, with Zürcher Kantonalbank ranked 2d “maximum lively” Eu company investor, at the back of handiest 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 % Swiss” blockchain infrastructure. Its key premise is to offer a carrier that keeps all knowledge inside Switzerland, and that may meet the protection necessities of banks, in a bid to pressure the Swiss financial system to “temporarily download a number one place” in creating use instances for the era.

Switzerland has a favorable popularity amongst innovators, sealing the highest spot of maximum “blockchain-friendly” Eu 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 criminal framework, the rustic as a substitute plans to tweak present rules to accomodate the brand new era and its monetary packages.

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