Switzerland loses interest in cryptocurrencies, says Bitcoin Suisse CEO
Original title: Bitcoin Suisse CEO: Switzerland has lost interest in cryptocurrencies
Bitcoin Suisse CEO states Switzerland no longer ranks among top crypto countries and is relocating operations to cut costs.
Bitcoin Suisse CEO Andrej Majcen says Switzerland has lost importance as a crypto hub in recent years. Politicians show almost no interest in the subject. The company is relocating a number of operations and jobs abroad, cutting 60 of 120 Swiss jobs, and focusing on institutional wealth management. Back-office activities will move to Bratislava, Slovakia.
- Switzerland no longer features among top countries in crypto adoption ranking
- 60 of 120 Swiss jobs being cut as part of relocation
- High cost base in Switzerland does not make sense long-term
- Relocation to lower-cost locations like Bratislava where wages are 60-70% cheaper
- Vendors
- Bitcoin Suisse
- Countries
- Switzerland
From the original article
3 min read at swissinfo.ch
Cryptocurrencies: Switzerland has lost interest, says Bitcoin Suisse CEO According to Bitcoin Suisse, Switzerland’s importance as a hub for cryptocurrencies has declined in recent years. Politicians, too, are showing almost no interest in the subject, says CEO Andrej Majcen in an interview with the financial news agency AWP. Criptovalute: la Svizzera ha perso interesse, CEO Bitcoin Suisse
By novaRom · swissinfo.ch
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