Switzerland's 'Crypto Valley' Zug Ranked 'Fastest-Growing' Tech Hub in Europe


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                The Swiss city of Zug, home to crypto and blockchain development hub “Crypto Valley,� has been ranked the fastest-growing tech community in Europe.
                <p dir="ltr">The <a href="https://cointelegraph.com/tags/switzerland">Swiss</a> city of Zug, home to crypto and blockchain development hub &ldquo;<a href="https://cointelegraph.com/news/why-switzerland-is-becoming-a-crypto-nation-with-a-flourishing-ico-market-expert-take">Crypto Valley,</a>&rdquo; has been ranked the fastest-growing tech community in Europe. Swiss startup news channel StartupTicker <a href="https://www.startupticker.ch/en/news/december-2018/representing-switzerland-zug-st-gallen-and-zkb" rel="nofollow,noopener" target="_blank">reported</a> this on Dec. 6.</p><p dir="ltr">According to the latest annual &ldquo;State of European Tech&rdquo; report from <a href="http://cointelegraph.com/tags/uk">London</a>-headquartered global technology investment firm Atomico, Zug came out top in a comparison of year-on-year growth of attendees to tech-related &ldquo;meetup&rdquo; events per European city, with a 177 percent increase as compared with last year:<img alt="Comparison of YoY growth of attendees to tech-related meetup events per city" src="https://coinsonnews.com/wp-content/uploads/2018/12/switzerlands-crypto-valley-zug-ranked-fastest-growing-tech-hub-in-europe.png" title="Comparison of YoY growth of attendees to tech-related meetup events per city"></p><p style="text-align: center"><em>Comparison of YoY growth of attendees to tech-related meetup events per city. Source: <a href="https://www.startupticker.ch/en/news/december-2018/representing-switzerland-zug-st-gallen-and-zkb" rel="nofollow,noopener" target="_blank">startupticker.ch</a></em></p><p dir="ltr">As Startupticker further reports, Switzerland overall had a weaker performance as compared with other European tech destinations. The United Kingdom sealed the top spot as preferred destination for non-European &ldquo;international movers&rdquo; into the country&rsquo;s tech ecosystem, followed by Germany and France &mdash; with Switzerland in tenth place &mdash; behind countries such as the <a href="http://cointelegraph.com/tags/netherlands">Netherlands</a>, <a href="http://cointelegraph.com/tags/ireland">Ireland</a>, <a href="http://cointelegraph.com/tags/sweden">Sweden</a> and <a href="http://cointelegraph.com/tags/belgium">Belgium</a>.</p><p dir="ltr">Neither did Switzerland make it onto the list of U.S. software engineers seeking employment in Europe.</p><p dir="ltr">Nonetheless, the Atomico report identified robust Swiss corporate investment in technology, with Z&uuml;rcher Kantonalbank ranked second &ldquo;most active&rdquo; European corporate investor, behind only <a href="https://cointelegraph.com/tags/france">France</a>&rsquo;s <a href="https://cointelegraph.com/tags/bnp-paribas">BNP Paribas</a>.</p><p dir="ltr">As reported earlier this week, the country&rsquo;s national postal service Swiss Post and state-owned telecoms provider Swisscom have just <a href="https://cointelegraph.com/news/swiss-post-swisscom-launch-100-swiss-blockchain-infrastructure">announced</a> a partnership on a &ldquo;100 percent Swiss&rdquo; blockchain infrastructure. Its key premise is to provide a service that retains all data within Switzerland, and that can meet the security requirements of banks, in a bid to drive the Swiss economy to &ldquo;quickly obtain a leading position&rdquo; in developing use cases for the technology.</p><p dir="ltr">Switzerland has a <a href="https://cointelegraph.com/news/why-switzerland-is-becoming-a-crypto-nation-with-a-flourishing-ico-market-expert-take">positive</a> reputation among innovators, <a href="https://cointelegraph.com/news/switzerland-first-in-ranking-of-top-10-most-blockchain-friendly-countries-in-europe">sealing</a> the top spot of most &ldquo;blockchain-friendly&rdquo; European Union country this spring. Most recently, the Swiss Minister of Finance, Ueli Maurer, has nonetheless <a href="https://cointelegraph.com/news/swiss-finance-minister-rejects-specific-blockchain-legislation-in-favor-of-current-laws">indicated</a> that in lieu of establishing a <a href="https://cointelegraph.com/tags/blockchain">blockchain</a>- or crypto-specific legal framework, the country instead plans to tweak existing laws to accomodate the new technology and its financial applications.

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