Zug, Switzerland, December 18th, 2024,
Chainwire
NiceHash, the leading cryptocurrency mining platform, has
announced that it is relocating its operations from the British
Virgin Islands to Zug, Switzerland. The transition, which commenced
in November, is expected to conclude by mid-December.
The strategic move on behalf of NiceHash aligns with
Switzerland's robust regulatory framework and will ensure
compliance with the European Union's Markets in Crypto-Assets
Regulation (MiCA) and the Travel Rule. While NiceHash was already
operating as a compliant service provider, the relocation will
streamline its ability to maintain full compliance with EU
regulations.
MiCA, set to be fully applicable from December 30, 2024,
introduces comprehensive regulations for crypto-assets, covering
issuance and service provision. The Travel Rule, meanwhile,
mandates that crypto-asset service providers collect and share
customer information during transactions to enhance transparency
and combat financial crimes.
By relocating to Switzerland, NiceHash will position itself as a
leader in compliant crypto mining. This proactive approach
underscores the company's commitment to long-term sustainability
and adherence to evolving global standards.
NiceHash is a global leader in cryptocurrency mining services,
offering a two-way marketplace for hashing power. The platform
connects buyers and sellers, enabling individuals and businesses to
lease computing power for mining cryptocurrencies without the need
to own or maintain expensive hardware.
Sellers can monetize their idle computational resources, while
buyers gain access to a variety of mining algorithms tailored to
their needs, ensuring flexibility and profitability for both
parties. NiceHash simplifies the mining process with an intuitive
interface, real-time marketplace dynamics, and advanced analytics,
making it accessible to newcomers and experienced miners alike.
In addition to its core marketplace, NiceHash provides a
comprehensive suite of tools for mining and crypto management. The
NiceHash Miner software optimizes computational performance for
maximum efficiency, while the platform’s integrated wallet offers
secure storage for earnings. NiceHash also supports direct payouts
in Bitcoin, allowing users to receive their rewards in the most
established cryptocurrency.
With robust security measures, regular updates, and a commitment
to user education, NiceHash continues to lead the way in making
cryptocurrency mining more accessible, transparent, and
user-friendly. The relocation to Switzerland is a significant step
in NiceHash's mission to provide secure and compliant services to
its global user base.
About NiceHash
Founded in 2014, NiceHash is a leading cryptocurrency mining
platform and marketplace that connects sellers (miners) of hashing
power with buyers seeking to mine cryptocurrencies. NiceHash
provides innovative solutions for mining enthusiasts and
professionals, including an easy-to-use platform for renting and
leasing computational power. Committed to security, transparency,
and compliance, NiceHash is dedicated to advancing the
cryptocurrency mining industry while adhering to evolving global
regulations. Learn more: https://www.nicehash.com/
Contact
CMO
Jow
Downie
NiceHash
marketing@nicehash.com