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3 Reasons Switzerland Ideal For An ICO


Ideal, ICO Switzerland

Nearly $10 billion has been invested through Initial Coin Offerings.

Released on Thursday, July 12, 2018, 7:30 PM ET
by Email Russ UrbanContact SpeculatingCoins

Pittsburgh, PA (SpeculatingCoins) - Since early 2016, nearly $10 billion has been invested through ICO, with so many entrepreneurs seeking to get an involvement into this financial phenomenon. Telegram managed to raise $1.7 billion through ICO and it proves that businesses can get serious money with this method.

There are different ways how ICO is accepted around the world. It can be liberal, friendly and open, like Switzerland. Most countries are open, but also are strict and cautious like the US; while China is known for its outright hostility for anything related to cryptocurrency. With ICO, businesses are performed on blockchain network around the world electronically; so it’s easier for companies to choose locations with more appropriate regulations. While China has imposed a complete ban on ICO, you can get a varying degree of openness with the various European countries. Choosing Switzerland can bring plenty of advantages for investors:

1. Liberal Approach: In Switzerland, regulations are defined in a way to match individual cases. If a problem is encountered, it’s solved in a specific way. As an example, if there’s a possible risk of money laundering, relevant regulations will be implemented, so not everyone is covered with a similar legislation. Goals of regulation aren’t to stretch authority comprehensively, but to individually deal with each problem.

2. Direct Access to Authorities: By contacting an agency directly, investors can manage various tax, security and regulatory implications. Closer interactions with the authority will reduce the risk of investigations, if something wrong happens. Investors can always look for more efficient solutions for their unique situations.

3. A Federal System with Decentralized Principles: The federal system of Switzerland is consisted of the federal government, states and communities. Much of the power is still held by small communities. A group of individuals can start a referendum for a specific law. With excellent public acceptance to ICO and cryptocurrency, it is assured that implementations in Switzerland will remain liberal.

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⇒ About the Author of this News Article:

Russ Urban sees tremendous similarities and parallels between the stock market and the cryptocurrency market. Most cryptocurrencies are not just a form of "currency", there are teams and rapidly growing products and services behind several coins, much like behind stocks. Russ has been following the stock market for over 18 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and picks through the years since he founded, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.