Crypto Valley and Crypto Oasis are thousands of miles apart but they were both impulsed by Ralf Glabisching. Here is the story of a visionary who understood the power of blockchain and decentralization early in the game. (Via CointelegraphZN)
consists of the entire Middle East, with Dubai at its center. “And the very heart is DMCC with over 280 companies, but I believe it will grow out of Dubai and into other countries here like Saudi Arabia and Bahrain,” he adds excitedly.
In 2013, Bitcoin companies such as Bitcoin Suisse and Monetas began setting up in Zug owing to its regulatory flexibility. Back in the 1970s, Glabischnig explains, Zug started to grow wealthy due to the commodities business initiated byGlencore entrepreneur Marc Rich, who was once indicted by United States authorities for breaking an embargo on Iranian oil.
In 2014, Glabischnig and his business partner Marco Bumbacher created the Lakeside Business Center, a coworking space in the center of Zug. As the city gained a reputation as a blockchain hub, “people started knocking on the door, asking if there were crypto companies here.” Seeing the demand was there, Glabischnig decided to put together Crypto Valley Labs, a dedicated space for the new industry helping blockchain startups incorporate and settle into the Swiss surroundings.
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