In a recently published testimonial on the Switzerland Global Enterprise site, Wences Casares, the CEO of Xapo, offers high words of praise for Switzerland and Crypto Valley as a location for blockchain businesses.
Xapo, which is known for its easy-to-use bitcoin wallet, its highly secure bitcoin vault and its innovative bitcoin debit card, is the largest custodian of bitcoin in the world. Casares had this to say about the company’s experience with the Swiss financial regulator, FINMA, as it was looking for a location:
“Many regulatory bodies in similar situations would have rejected Xapo and bitcoin entirely. By choosing to persevere, however, we believe FINMA has positioned Switzerland as a hub for fintech innovation and ensured Switzerland’s primacy in global financial services for decades to come.”
For more, read the testimonial and watch the accompanying video.