Switzerland weathers crypto winter relatively well, report claims.
While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left it, or the business altogether.The market downturn and theof platforms like cryptocurrency exchange FTX and the Terra-luna ecosystem sent shockwaves through the industry.
The researchers also found that the Swiss Crypto Valley, centered in the canton of Zug, now has approximately the same number of entities as in 2021 — currently 1,135. They employ 5,766 people, which is only around 4% less than before the crypto winter started.
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