The Chinese bitcoin giant "Bitmain Technologies" settles in Switzerland in the "crypto valley"

Bitcoin Chinese giant Bitmain Technologies, in a statement to a Swiss newspaper, has announced that it is expanding into Switzerland in a series of fundamental operations to expand its presence in the country.
Bitmain Switzerland was registered in Zug, Switzerland, at the end of December, according to personal data filed on Wednesday.
Experts say China is one of the largest sources of bitcoin mining in the world, where developers solve complex mathematical puzzles to obtain virtual coins.
But a crackdown by the central government on the extraction of cryptocurrencies could soon see the intense activity moving elsewhere.
"Bitmain Switzerland will play a central role during our global expansion," a spokesperson for the Beijing group told the Swiss magazine Handelszeitung. Founded in Beijing in the 2013, Bitmain is an important bitcoin miner that also produces chips and hardware for mining.
In addition to Beijing, it currently has offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen.
Zug, a small canton in the center of Switzerland, has become known as the Swiss "crypto valley" due to the proliferation of groups of cryptocurrencies settling there.
The Swiss company Bitmain Switzerland has been recorded by the directors Jihan Wu, the name of the co-founder of Bitmain Technologies, as well as a Chinese citizen named Ti Liu living in Birrwil, Switzerland, and a Swiss citizen, Christian Johannes Meisser, residing in Klosters -Serneus.

The Chinese bitcoin giant "Bitmain Technologies" settles in Switzerland in the "crypto valley"

| Cyber, Economy, PRP Channel |