Research: Estonia is challenging the blockchain leadership of the Swiss Valley of Encryption

According to Coin Journal, a study by blockchain and AI analyst firm ORS CryptoHound shows that Estonia, a small Baltic country, is rapidly becoming the leading blockchain center and challenging the Swiss city of Zug, with more than 700 foreign shareholders. Encrypted currency or blockchain companies are operating blockchain operations in Estonia. ORS CryptoHound interviewed Estonian law firms, software developers and enterprise service providers. It is concluded that the four main reasons for helping Estonia to succeed are the ability to establish and operate businesses online, tax-free undistributed profits, easy access to cryptocurrency permits and advanced anti-money laundering regulations.