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Buoyed by favourable regulations, Zug has developed into an epicenter for crypto investments and initial coin offerings. Still, the race to establish a global crypto hub has only just begun. finews.com takes a look.

Switzerland and the city of Zug are at the center of the global boom in crypto currencies and so-called ICOs, or initial coin offerings. The federal market regulator Finma has at least not undermined this development, since it took a clear stand on the regulation of ICOs, or the financing of startups through the emission of tokens.

The precise guidelines issued last February have given the startup scene in the Zug crypto valley more legal transparency, which has had a positive effect. However Switzerland isn’t the only country to be amenable to the cryptocurrency boom or to advertise itself as a «crypto nation». Competition is fierce for a slice of the cake.