Cardano Foundation’s Jocelin made a statement on behalf of the Cardano Community. She spoke about the upcoming Cardano meetup in Switzerland on the 13th of June and how Switzerland is the most favorable location for Cardano.
According to the online post, due to Switzerland’s liberal political culture, it nurtures the right kind of environment suitable for cryptocurrencies. There are more than 200 cryptocurrency companies placed in Zug a small techno-savvy town of Switzerland.
The country ensures the stability of blockchain technology as it has the most liberal yet pragmatic legal infrastructure. She also adds that the financial authority of Switzerland has recently made regulations which are favorable. The financial authority carries out a thorough study of various cryptocurrencies and then the regulatory norms are articulated.
Tom Kelly the head of marketing and communications of Cardano foundation will be hosting the meetup
The post further says:
“We really want to go out and meet our community members as much as we can. The Cardano project is result of colaborations from everyone in the community. Here we want to give our community members as much support as we can.”
Cardano [ADA] at press time was trading at $0.26 with a market cap of $6.7 billion with a circulating supply worth $273 million. In the one week period, the price has dropped by 24.5%.
A Redditor says:
“There is not a big deal about Switzerland having regulatory bodies, even U.S. and U.K. has one. It’s the government that decides the liberty for our kind. In that way why not Iceland?”
A Twitterati says:
“Why Switzerland? Charles: because they won the genetic lottery”
A Twitterati says:
“If Cardano is so fucking amazing why does it struggle to stay in the top 10 cryptos? Why is it not in the top 3 at the very least!!? Seems to me that the smart money thinks its shit.”
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