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Switzerland Is Now ‘Home to 13 Crypto Unicorns’ – Report
Crypto "unicorns" are jumping up in Switzerland, with a new report guaranteeing the country is presently home to 13 token-related firms worth $1 at least billion.
Per a report from PME, the quantity of unicorns in the crypto area rose from nine out of 2022 to 13 last year.
Crypto Unicorns: Switzerland, Liechtenstein Take Actions
The news source noticed that, per CV VC information, the "Swiss-Liechtenstein cryptographic money biological system" presently represents "4.8% of all worldwide interests in blockchain organizations" - a 0.7% ascent starting around 2022.
Furthermore, blockchain firms are progressively deciding to settle in regions like the "Crypto Valley" in Zug. The news source composed:
Zug itself is presently home to 512 crypto firms, the report noted, with Zurich facilitating 289 organizations and Geneva 115.
Many crypto organizations have additionally settled base camp in the cantons of Ticino, Vaud, Bern, Schwyz, Lucerne, and Neuchâtel.
Adjoining Liechtenstein, in the mean time, is likewise turning into a blockchain area of interest. The nation has 66 "organizations dynamic in crypto."
The deluge of crypto-related firms is additionally assisting with supporting the economy of the two nations, the report noted.
CV VC made sense of that the market valuation of the 50 biggest Swiss and Liechtenstein-based organizations has "dramatically increased" in a similar period "to reach $382.93 billion."
The Crypto Valley project was sent off in 2017. Industry advocates have guaranteed Switzerland has made a "reasonable political and legitimate structure for development in blockchain." Armin Schmid, President of Swiss Crypto Tokens, expressed in 2019:
1. Discover the world of crepto currencies and how they're changing the way we think about money.
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