Why Singapore and Switzerland are competing to give crypto a home

Over the years, regulators have approached the crypto market with a mixture of hostility, bemusement, and confusion. But more recently, things have begun to change.

Several countries have emerged as leaders in creating fertile ground for crypto companies to establish offices and legal entities. Be it legalizing the operation of exchanges, allowing citizens to mine, buy and trade currencies, or greenlighting banking licenses for DeFi projects.

For regulators, enticing crypto projects to call their countries home has a number of advantages: an opportunity to capture some of the value in the booming DeFi market, not to mention create a hub for crypto startups that could in the future, emerge as the 21st century’s equivalent of silicon valley.

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