2019 is a promising year for crypto currency in terms of its legal recognition at the governmental level.
Switzerland has become one of the leading crypto
currency hubs and a leader in the field of legal regulation of crypto
currencies and blockchain industry. In January 2017 in Zug, with the
support of local authorities, the Crypto Valley Association was
established for those people who use cryptography and blockchain
technologies. In December 2018, the Swiss government published legal
norms for regulation of the blockchain industry and required amendments
to the existing financial legislation. Today, one fifth of the digital
assets market belongs to 50 largest representatives of crypto business
registered in Switzerland and Liechtenstein.
Italy is another active participant in the process of legal
recognition of digital…