Do you think that this place, which is smaller than a city and equipped with fairy-tale-like quaint valleys and old buildings, would become a blockchain hub? This seems to be the case because of the recent developments in Liechtenstein.
The main reason behind this is the low tax rate.. This is an inevitable opportunity for financial companies.. The fact that there are more companies than citizens in the country is an indication of this.
Liechtenstein’s Prince Alois is known for his sympathy for crypto money.. Bitcoin’s biggest rival, Ethereum, was created in 2017 in Liechtenstein with the contributions of Yanislav Malahov. Malahov is now working on the construction of another Blockchain startup, Aeternity.. According to him, Aeternity will be more extensible and useful for smart contracts thanks to lower costs.
The rise of Bitcoinstein
Malahov opened doors in the country one by one thanks to a lucky encounter. After a meeting with one of the Princes of Liechtenstein at a conference, he learned about the country’s enthusiasm for investing in cryptocurrencies. After this meeting, he has now decided in which country he will carry out his projects.. For Liechtenstein, “They do not apply any financial incentives, but they make it really easy to do a cryptocurrency business,” Malahov said.
Liechtenstein is a member of the European Economic Area (EEA), but the European Union (EU) It should be noted that it is a member of.
Blockchain hub of Europe Liechtenstein
The good thing about being a member of the EEA is that it adheres to its financial rules appropriate to all European-based financial services, including cryptocurrency and Blockchain businesses.
In addition, in a statement made by Crown Prince Alois, it was no surprise to many that the use of Bitcoin as a daily payment tool will be used to govern the royal family and the monarchy.. Alois had previously received a lot of positive reaction from the market, with the statement that the kingdom was considering reaching its former wealth by using crypto money.
The monthly Blockchain meetings in the capital Vaduz are held with the participation of hundreds of people, such as newly established startups such as Chainium and Vimana. Due to its small size, Liechtenstein cannot take place in crypto money news like many other countries.. But with its positive thoughts towards entrepreneurs and crypto money, it will soon become an indispensable country for cryptocurrencies and Blockchain.
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