In Europe, Regulators and Crypto Hot Spots Live Side by Side

Published on 16 января 2018 by Cryptovest Staff

Open to Possibility of Launching National Crypto Token

Look at the map of full nodes for Bitcoin, and Europe is a hotbed of activity. One single country, Germany, holds more than 27% of full nodes. German cities run 2,037 full nodes as of January 2018, with 3,192 in all of the USA.

Estonian PremierOpen to Possibility of Launching National Crypto Token

At the same time, Germany is also the home of the European Central Bank, one of the potential forces to initiate a crackdown on Bitcoin.

Yet European cities remain prime locations for cryptocurrency trading and technical innovation, offering a mix of progressive views and technical talent. Here are the top five European hubs to look toward:

  1. Amsterdam: No wonder the Gulden currency is slowly taking roots in Holland. Local banks are cooperating with the payment system. In addition, the city often hosts tech meetups and fosters an exchange of ideas for startups.
    Amsterdam krijgt een Dag van de Crypto: 29 en 30 januari in de RAI Amsterdam - Bitcoin Magazine https://t.co/tGYzHWEp6j#rai#crypto#ico's#btc#bitcoin#amsterdam— BitcoinMagazineNL (@MagazineBitcoin)16 января 2018 г.

    Amsterdam krijgt een Dag van de Crypto: 29 en 30 januari in de RAI Amsterdam - Bitcoin Magazine
    https://t.co/tGYzHWEp6j#rai#crypto#ico's#btc#bitcoin#amsterdam

  2. Berlin: Another hotspot for crypto enthusiasts. Unfortunately, the heydays of Bitcoin payments have passed, due to high network fees and the growing price of Bitcoin. However, Berlin is also the home city of Lisk, an up and coming blockchain project with a large team, official headquarters and regular community meetups.
    awesome: here comes the songtext of HODLN by@siggismallz&@koolsavas#berlin#blockchain#crypto#tothemoon https://t.co/fzc7UoHjNL— sven laepple (@laepple)11 января 2018 г.

    awesome: here comes the songtext of HODLN by@siggismallz&@koolsavas#berlin#blockchain#crypto#tothemoon
    https://t.co/fzc7UoHjNL

  3. Frankfurt: The financial heart of Germany, as well as the home of the European Central Bank, this city is dedicated to traditional finance. But Deutsche Boerse, the German market operator, may also be thinking over the idea of launching Bitcoin futures. The ECB itself has been both accepting and hawkish on Bitcoin. The cryptocurrency world should look to Frankfurt for any signs of mainstream finance accepting the world of cryptocurrencies.
  4. London: Home to the Stratis project, and generally a lively hub where big finance meets cryptocurrencies. In the coming months, Brexit may mean the fates of British projects will change, based on the banking services connected to exchanges. Britain is also the home of the Electroneum project, a recently created coin which is yet to take off and achieve influence.
    #ETNCONFIRMED getting on more exchanges - seriously YOU NEED TO GET A FEW BAGS WORTH ! This project is brilliant and so much support.#Electroneum#ETN#cryptocurrency#crypto#CryptoNews#London#Australia#Cryptopia#NZvPAK#nz🇦🇺🇬🇧pic.twitter.com/y5NPttzQPp— Sean (@Smorgs100)19 января 2018 г.

    #ETNCONFIRMED getting on more exchanges - seriously YOU NEED TO GET A FEW BAGS WORTH ! This project is brilliant and so much support.#Electroneum#ETN#cryptocurrency#crypto#CryptoNews#London#Australia#Cryptopia#NZvPAK#nz🇦🇺🇬🇧pic.twitter.com/y5NPttzQPp

  5. Zug: The capital of the "Crypto Valley" in Switzerland. Perhaps the biggest success story in linking traditional finance with startup projects. Zug hosts experts and consultants that perform a smooth ICO process. The Ethereum foundation is based in Zug, making use of the liberal rules on cryptocurrency.
    #Zugis beautiful in any season.#CryptoValley, Switzerland.#Bitcointitans visiting for the weekend and enjoying the ski resorts.#Bitcoin#Blockchainpic.twitter.com/fASyVvPpRy— Crypto Chloe (@bitnamer)13 января 2018 г.

    #Zugis beautiful in any season.#CryptoValley, Switzerland.#Bitcointitans visiting for the weekend and enjoying the ski resorts.#Bitcoin#Blockchainpic.twitter.com/fASyVvPpRy

Then, there is the array of secondary cities that also show strong interest in cryptocurrencies. Whole regions reveal strong potential and have at least a few elements of the ecosystem: cryptocurrency ATM, developer teams showing interest in existing projects, and some native ICOs cropping up. Prague, known for the Golem project, is one of those cities. Budapest is also home to several startup projects. Barcelona remains a traditional venue for blockchain and tech enthusiasts.

All of those cities may see their fortunes change in case even stricter regulations are put on cryptocurrency trading.

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