Greater Zurich is home to the highest concentration of technological excellence in the most stable environment in Europe. For years, both Switzerland and Greater Zurich have occupied top positions in renowned worldwide rankings in terms of attracting talent, innovative strength, competitiveness and quality of life.
GZA (Greater Zurich Area Ltd) is the best-connected Swiss business concierge for companies looking to grow internationally. As the official investment promotion agency of the Greater Zurich Area, GZA acts as an intermediary, door opener and facilitator by guiding companies through the ecosystem of Greater Zurich and networks them with the relevant companies, research institutes, incubators, authorities, specialized service providers, associations and platforms. This creates added-value for the companies’ strategic expansion.
Doing Blockchain and cryptocurrency business in Greater Zurich
A deep-seated culture of data protection, confidentiality and legal certainty lays the ground for the world’s best ecosystem for cryptocurrency technologies – the Crypto Valley in the Greater Zurich Area.
The Greater Zurich Area offers the ideal blend of location advantages in the field of cryptocurrency; High level of legal certainty, the world’s most stringent data protection laws, pro-business philosophy and secure and reliable technical infrastructure. Above all, the decentralized, stable, predictable, highly responsive and technology-friendly Swiss political system lays the ground for business success. And most importantly: Highly qualified talents from the fields of computer science, engineering and mathematics are available in Greater Zurich for the development and implementation of innovative cryptocurrency ideas.
Impressive ecosystem of innovative crypto companies
In the rapidly changing crypto environment, the so-called Crypto Valley in the Greater Zurich Area has emerged in recent years. The Crypto Valley hosts many of the world leading blockchain and crypto startups, innovation labs, specialized service providers, incubators and accelerators – and thus creates a strong international community and unique ecosystem. The establishment of the Etherum project in Zug in 2014 laid the foundation for an unprecedented development in the Crypto Valley: Multiple high-profile projects like Xapo, Monetas, Lykke, SingularDTV, Lisk followed because of the bundled competencies in the region. Out of these activities, the Crypto Valley Association evolved as a central network to coordinate, accelerate, and scale the further development of Crypto Valley into the world’s best ecosystem for crypto technologies. The network now consists of 100+ companies from the Crypto & Blockchain sector.
Cooperative regulatory environment
In general, Swiss regulators and authorities are positive and show a high acceptance of crypto and blockchain technology. Finma, the Swiss financial market regulator, for example encourages self-regulation rather than onerous top-down regulation and works closely with the community to develop the regulatory framework. Also thanks to this open and cooperative approach the Crypto Valley became Europe’s leading funding hub and one of the best places to conduct an ICO (Initial Coin Offering). Setting up the legal entity of a cryptocurrency business in Switzerland does create a sustainable, sound and stable starting point for the company. ICOs have typically been done by establishing a foundation. This, however, needs to be examined on a case-by-case basis.
Finding the best talent for your cryptocurrency business
The world-leading institutions and universities in the Greater Zurich Area are devoting themselves more and more to issues of blockchain and crypto, such as the Professorship of Computational Social Science (COSS) at ETH Zurich. With its yearly “Blockchain and IoT Summer School”, the ETH also brings together students from the fields of computer science, engineering and mathematics, academic researchers, and security experts from industry with an interest in cryptocurrencies and blockchain technology. Overall offers the Greater Zurich Area a strong and varied pool of talent, also thanks to its deeply rooted finance and ICT clusters. A good opportunity to meet those talents in the Greater Zurich Area are the many events of the crypto & blockchain community: The Crypto Finance Conference, Finance 2.0 series, Blockchain Summit, ICO Summit, HackZurich, d10e conference or IFZ fintech & blockchain events are just a few of them.