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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 building hub “Crypto Valley,” has been ranked the fastest-growing tech group in Europe. Swiss startup information channel StartupTicker reported this on Dec. 6.

In step with the newest annual “State of Ecu Tech” record 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 line with Ecu town, with a 177 p.c build up as when put next with ultimate 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 line 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 “world movers” into the rustic’s tech ecosystem, adopted by means 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 listing of U.S. device engineers searching for employment in Europe.

However, the Atomico record known powerful Swiss company funding in era, with Zürcher Kantonalbank ranked 2d “maximum lively” Ecu company investor, in the back of handiest France’s BNP Paribas.

As reported previous this week, the rustic’s nationwide postal provider Swiss Publish 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 provider that keeps all knowledge inside Switzerland, and that may meet the protection necessities of banks, in a bid to power the Swiss financial system to “briefly download a number one place” in growing use circumstances for the era.

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

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