Welcome to Crypto Valley


Bloomberg did a profile on Zug, Switzerland, which has otherwise come to be known as "Crypto Valley". Early on, the government in Zug recognized the importance of a favorable regulatory climate for the development of a crytpo ecosystem, and they committed to making Zug an inviting place for entrepreneurs building in the space. In addition to low tax rates, they are careful to not apply stifling requirements that in other places (New York, for example) have created a chilling effect on innovation. As a result, many crypto engineers and entities, including the Ethereum Foundation, have chosen to locate in Zug. Other governments could take notes on how to foster an ecosystem in this manner. 


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