Topic: Max Keiser: Swiss considering BTC as foreign reserve + BTC $1700 Target (Read 3874 times)

Like it was bullish that bank of china wanted to talk about it... 

The proper analogy is whether they should open up their relationship to include others. At least one of them is planning ahead of the possibility...

It's bullish that they 'have to talk about it'

The Federal Council has been ordered to report, in addition to "Assess the risks of the online currency Bitcoin " from the postulate Schwaab 13.3687, also on the following questions:

- What opportunities for the financial center Switzerland sees the Federal Council in Bitcoin and other similar online currencies?
- What speaks, from the perspective of the Federal Council, against that Bitcoin and comparable online currencies will be treated as foreign currency ?
- What regulatory instruments the Federal Council have to establish legal certainty for online Bitcoin and comparable currencies?
- If regulatory adjustments are needed, what are they and how would be the time shedule to implementation ?

    As the Federal Council writes in its response to the interpellation Kaufmann 13.3854 " Bitcoins and Money Laundering Act ", online currencies like Bitcoin introduce questions both in an economic, regulatory and operational point of view. They are legally elusive, as they are decentralized and have neither identifiable issuers or someone who guarantees a value.

Perhaps these questions could be answered, if it would be clarified that Bitcoin and similar electronic payment instruments are treated as like a foreign currency. Bitcoin thus would classify in the context of the GWG , CISA , VAT Act and other laws and so being established legal certainty.

The Parldigi core team has been exposed with Bitcoin intesivelly in recent weeks. The members of the National Councils of SP, FDP, GLP , Grüne and other parties have come to the conclusion, that Bitcoin and comparable online currencies have risks (see 13.3687 and 13.3854 initiatives ) but probably also opportunities for Switzerland's financial center. In addition, Bitcoin as payment in Switzerland is already reality, so it makes sense to provide legal certainty and clarify issues relating to VAT and money laundering.

if you ask your partner if you should have a decent fuck, wouldn´t you agree that one could think you are considering sex ?

More idiot talk...
Seriously... does anybody read the source in german?

No .. then stop spreading this shit.

It's about risk analysis and nothing more.

And the target price has nothing to do with the swiss. That's max keisers imagination.

@ knarzo: Are you swiss? No, then just shut the fuck up or learn german and read the proper sources. This news is not really news. The postulate was written on september 11 2013! It's really old news. And it has nothing to do with foreign reserve.

"    Der Bundesrat wird beauftragt, ergänzend zu den Punkten aus dem Postulat Schwaab 13.3687 „Die Risiken der Online-Währung Bitcoin evaluieren“ auch über die folgenden Fragen Bericht zu erstatten.

        Welche Chancen für den Finanzplatz Schweiz sieht der Bundesrat bei Bitcoin und vergleichbaren Online-Währungen?
        Was spricht aus Sicht des Bundesrats dagegen, dass Bitcoin und vergleichbare Online-Währungen grundsätzlich wie Fremdwährungen behandelt werden?
        Welche regulatorischen Instrumente hat der Bundesrat, um für Bitcoin und vergleichbare Online-Währungen Rechtssicherheit zu schaffen?
        Sofern regulatorische Anpassungen erforderlich sind, welche sind dies und wie sähe der zeitliche Ablauf bis zur Umsetzung aus?

    Wie der Bundesrat in seiner Antwort auf die Interpellation Kaufmann 13.3854 „Bitcoins und Geldwäschereigesetz“ schreibt, werfen Online-Währungen wie Bitcoin sowohl in wirtschaftlicher als auch regulatorischer und operationeller Hinsicht grundsätzliche Fragen auf. Sie sind rechtlich schwer fassbar, da sie dezentral organisiert sind und weder einen identifizierbaren Emittenten aufweisen, noch jemanden, der einen Wert garantiert.

    Möglicherweise könnten diese Fragen beantwortet werden, wenn klargestellt würde, dass Bitcoin und ähnliche elektronische Zahlungsmittel wie Fremdwährungen zu behandeln sind. Damit liesse sich Bitcoin im Kontext des GWG, KAG, MWSTG und anderer Gesetze einordnen und es würde Rechtssicherheit hergestellt."

Read and unterstand!
The problem is that most readers can't read that well german...

It states: "Possibliy we could answer these questions, if bitcoin and other electronic payment methods are threated like foreign currencies."

What has this to do with the swiss considering BTC as foreign reserve? WHAT THE FUCK??? READ IT!

Bullshit talk.
I'm swiss and this is all nonsense to lure more buyers into bitcoin.

Just don't believe anything from Max Keiser the master of pump and dump.

Hmm. Viele Leute sprechen darüber. Viele Leute wollen sich von Bankstern nicht mehr aussaugen lassen. Das Netzwerk wächst und wächst.

Und ich zahle dir BTC1 sollten wir unter $100 fallen

Was ist daran so unrealistisch ?

It's bullish that they 'have to talk about it'

They have to talk about it..
There are legal questions and the problem with money laundring. Every goverment has to talk about cryptocurrencies.
That is just a fact and neither bullish nor bearish.

Again:

"Das Parldigi-Kernteam hat sich in den vergangenen Wochen intensiv mit Bitcoin auseinander gesetzt. Die Nationalrätinnen und Nationalräte von SP, FDP, GLP, Grüne und weiteren Parteien sind zum Schluss gekommen, dass Bitcoin und vergleichbare Online-Währungen neben den Risiken (siehe Vorstösse 13.3687 und 13.3854) vermutlich auch Chancen für den Finanzplatz Schweiz haben dürfte. Ausserdem ist Bitcoin als Zahlungsmittel in der Schweiz bereits heute eine Realität, sodass es Sinn macht, Rechtssicherheit zu schaffen und Fragen bezüglich Mehrwertsteuer und Geldwäscherei zu klären."


They did some research and concluded that Bitcoin and other cryptocurrencies have risks and probably chances for the swiss financial place. At the other hand bitcoin is allready a payment method in switzerland and it makes sense to prove the law and ask questions about tax and money laundring.


What is bullish about that?

Lol - seriously; if this true why are people still following Keiser?

I mean he pumped quark - 'nuff said.

Sagt der der Double Digits prognostiziert lol

Guess this will test whether news follows trends or the reverse.

The Swiss thing is positive enough for me to remove my sell orders for now.