For centuries Switzerland was known around the world for its tradition of bank secrecy, but now a brand-new finance industry is taking root in the two countries. Local captains tried to establish a cryptocurrency centre, and their latest catch is Chinese bitcoin mining monster Bitmain, which expanded to a brand-new area in the picturesque Swiss canton of Zug.
Bitmain Switzerland will
play a crucial role in our world-wide expansion ,” the company’s spokesperson told the German-language Swiss newspaper Handelszeitung. This is the first foothold in Europe for Bitmain which already has branches in the US, Singapore and Israel.” Now is a good time to build a centre in Europe to provide better services ,” he proclaimed.