Bermuda, Gibraltar, Malta, Liechtenstein, France and Switzerland are easing crypto legislation to attract crypto companies to headquarter in their capitals.
Malta has just adopted for easy crypto issuance and trading by the companies in the industry. Bermuda has passed a law to let each start-up ICO be swiftly approved by the ministry of finance, as well as the Digital Asset Business Act that regulates digital asset businesses and protects the interests of their potential clients.
Liechtenstein banks are now allowed to carry out cryptocurrency transactions on behalf of their clients, as well as consult on ICOs. Also, in Liechtenstein there is no need to have a bank account to open a company, you can do so by using BTC or ETH.
The Distributed Ledger Technology Regulatory Framework of Gibraltar protects customers of crypto businesses in British overseas territory. Moreover, Gibraltar United soccer team became the first soccer team to pay its players in crypto.
The French Finance Minister Bruno Le Maire assured entrepreneurs he would provide the French crypto industry with his “total and determined support.”
Switzerland has low tax policy and supporting regulation to offer to crypto companies. Moreover, Ethereum is incorporated in Zug, a Swiss city, aka the "Swiss Crypto Valley", accepting BTC payments for services.
image source:https://pixabay.com/
Follow me @ehsanwatu
Coins mentioned in post:
Congratulations @ehsanwatu! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard: