experiencing turbulence, alternative currencies such as Bitcoin should have their time to shine. Even though The Netherlands has a population of around 17 million people, it isnt afraid to keep up with the big players when it come to fintech. The launch of the Crypto Valley Association was all but an inevitability as Switzerland looks to gain a lead in the global Fintech race of rampant blockchain research and development.
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The commission proposed a competent authority to be made responsible for ensuring transparency. Those exchanges already in compliance include San Francisco-based Kraken, which claims to be the largest euro - bitcoin exchange, and Circle, a peer-to-peer digital currency player that has secured Barclays as.K. In its bid to become the next major FinTech hub of the world, the Netherlands invested in a blockchain development campus. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10. On the other hand, restrictions on cash payments could promote the development of alternative payments technologies compatible with the non-anonymity objective pursued. Smaller countries such as Malta, have already begun to consider Bitcoin as a legitimate currency and revolutionary technology. Since mid-2016, investors and traders in the largest bitcoin exchange markets including US, China, and Japan began to perceive bitcoin as a safe haven asset and wealth management product (WMP).