A SWISS town, dubbed Crypto Valley, has become a hub for cryptocurrency with investors flocking to the region as one blockchain expert declares Switzerland is at the centre of a financial “revolution”.

The canton of Zug, half an hour from Zurich, is fast becoming a crypto haven as the city council accepts bitcoin as a means for payment for fees by the residents’ registration office.

According to local paper Frankfurter Allgemeine, Zug, made a name for itself on the crypto scene after Ethereum inventor Vitalik Buterin settled there in 2014.

Richard Ettl, head of the blockchain-based logistics company Smart Containers Group in Zug, said: “Switzerland is at the epicentre of a small revolution in the financial system.”

And now the Swiss Minister of Economic Affairs Johann Schneider-Ammann (FDP) said he hopes the crypto revolution will spread outside of Zug.

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He said he hopes “that in five or ten years nobody will speak about the Crypto Valley Zug, but about the Crypto Nation Switzerland”.

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