Switzerland Facing Stiff Competition As Blockchain Hub| MENAFN.COM

Sunday, 29 January 2023 11:50 GMT

Switzerland Facing Stiff Competition As Blockchain Hub


(MENAFN- Swissinfo) Japanese bank Nomura has decided to base its new cryptocurrency operations in Switzerland. Keystone / Kimimasa Mayama

The decision by Japanese investment bank Nomura to locate its new cryptocurrency business in Switzerland appears to have vindicated the Swiss finance ministry's initiative to roll out the red carpet for blockchain companies.

This content was published on November 3, 2022 - 09:00 November 3, 2022 - 09:00

When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch's business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz.

| swissinfo.ch

Nomura's 'Laser Digital' unit is exactly the type of crypto firm that Switzerland is targeting with its 'Home of Blockchain' campaign to promote the Alpine state as a prime venue for international companies.

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