According to Thomas Bertani, the CEO of Swiss-based Eidoo, developers can demand as much as $10,000 to $15,000 a month in the country, which sums up to $120,000 and $180,000 a year.
The reasons are: 1) highly skilled blockchain-experienced devs are very hard to find; and 2) Switzerland is well known to be one of the most expensive countries on earth.
Switzerland is also known to be one of the most forward-thinking countries for cryptotechnologies, with the world famous Cryptovaley and loyal legal framework for ICOs, which are banned in China and warned against in the U.S. and the U.K.
However, according to Bertani, it’s ‘almost impossible’ to find well-distributed ledger developers due to the fact that ICO companies with enough resources recruit them all.
With the fintech sector rapidly developing Switzerland’s Federal Council stated, in February, that some business models may require future regulatory adjustments, adding:
Due to the rapidly progressing digitization in the financial sector, in particular in the blockchain area, it can be assumed that business models will develop which are not yet conceivable today. The Federal Council will follow these developments closely also in the future and will swiftly propose the necessary regulatory adjustments if required.