Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should expect any miracles. . 

Switzerland Forge Ahead

There are several reasons why Switzerland is such a prominent region for cryptocurrencies and blockchain. The country has a history as being a financial haven. The Swiss banking system is legendary all over the world. Additionally, it is one region showing a growing interest in fintech on a broad scale. That includes the use of Bitcoin and top altcoins for a wide variety of purposes. 

Speaking of cryptocurrencies, the Zug initiative is perhaps best-known. It is a part of Switzerland where cryptocurrencies are embraced in every possible way. Residents can even pay for select goods and services in Bitcoin, which confirms it is a…

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Source: https://themerkle.com/the-rise-of-crypto-banks-begins-in-switzerland/