Topic: News From Switzerland - page 3. (Read 2413 times)
Cryptobank ? well i guess bitcoin was made to eradicate the idea of bitcoin .on the other hand switzerland is giving permission for creating a crypto bank .well i dont think it wont be any new ,because all the rich people save their money in here in swiss , on the other hand with the advancement of crypto currency , there will always the increase of black money kept in the crypto bank.
Personally I am not surprised with the attitude that keeps Switzerland in bitcoin. Just think that there is a small municipality in the town Zug where the residents can pay from July 2016 for public services with bitcoin until the corresponding 200 Swiss francs. https://www.engadget.com/2016/05/08/swiss-town-accepts-bitcoin/. Moreover many growing bitcoin or blockchain start-ups they want to establish their businesses in Switzerland. It is not accidental that an area of 30 kilometers from Zurich to Zug is called crypto valley like as the Silicon Valley in California.
I have posted previously article about bitcoin in Switzerland.Switzerland companys have got permision from SNB to invest in bitcoin,blockchain start ups.Swizterland will be now biggest European bitcoin blockchain hube
Best is that there are some chances that SNB will accept bitcoin.Already there is possible to pay with btc in some cantons.I will try to find that old article and i will add here
Best is that there are some chances that SNB will accept bitcoin.Already there is possible to pay with btc in some cantons.I will try to find that old article and i will add here
Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/
And something big from China
http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/
Idiots, idiots every where And something big from China
http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/
what did I just read? an organization from Swiss wants to do what exactly? any help here? are they going to accept bitcoin as a currency and allow deposit under their security and insurance? I need to know the fees first thank you.I didn't see about "accept bitcoin", it's about : "Bitcoin wallet company Xapo announced today that it has received an early nod of approval from a key Swiss regulator. ~ that it has been given “conditional approval” from the Swiss Financial Market Supervisory Authority (FINMA) to do business in the European country. to do business in the European. Moreover, it's just conditional approval.
Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/
It is far from crypto bank but I think it is a positive step towards a legal recognition. It seems that political and economic climate in Swiss is positive towards Bitcoin acceptance. If I'm not wrong you can pay bills with Bitcoin in some of Swiss municipalities? We'll see what happens next, as it is stated in the article that:
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The approval isn’t final, however, as Xapo said the regulator wants to see it join a self-regulatory organization (SRO), among other steps.
will we be able to make secret accounts with bitcoin, like the people that want to hide dirty money always do in the movies?
This period is over in Switzerland since years. You can't even open a bank account if you have nothing related to the country (citizenship, business,ect)
While they have good customer privacy policies they are very carefull with the fraud and where the money come from ect. Since the scandal with banks from others countries years ago
Switzerland's involvement in Bitcoin banking is a big plus as we are aware of what they can do interms of banking and it will be a great advantage to store up bitcoins over there and will be well protected but I'm cautioning likewise against money laundering and illegal usage of bitcoins so they must employ security precautions to stop those who might attempt to use it illegally.
Swiss people have always been inovative when it com to banking sector so this doesn't surprise me. They have recgonized the Bitcoin potential and want to make the maximum out it. This will be good for both, Switzerland and Bitcoin users. So, it's very good news, waitnig for further development.
i think is very good if next time xapo can open bank with regulation switzerland
but another wallet service, debitcard service, bank service, is not complete if not open market exchanger
but another wallet service, debitcard service, bank service, is not complete if not open market exchanger
So their plan has already implemented and this is a good move for Switzerland they are considering now bitcoin. And as a first world country for sure those third world countries will do the same and make them realize that bitcoin is a good way to use it for their transactions. This is going to have a big impact in bitcoin economy nowadays.
Its actually something to be happy about and its a new one in the right direction even after the various negative news being spread all over that we can still get a good news is something to really be joyous about. But the issue here is the news is coming from Switzerland in which I am far away from at the same time as China as I am not left with only to benefit from the indirect benefit this development might bring...
Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/
And something big from China
http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/
And something big from China
http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/
It's good news for crypto enthusiasts because Bitcoin bank can really enhance its usage and promote safety as Switzerland is noted for such safety and security traits. It will allow companies to store up more bitcoins but in a way it will also promote the negative usage of bitcoins through drug barons and money laundering which we must find a way to curtail.
That seems to be a great step in bitcoin progress.As we know, regarding huge money transactions and investments, Switzerland has a unique place for itself.Now Xapo has been given conditional approval by swiss finance regulator.Switzerland has realized that block chain related companies cannot be further avoided.Bitfury has entered the world biggest bitcoin miners ecosystem.Both the news above show there is a very big future for blockchain related and service providing industries.
This is another good news. Good news keep popping out for bitcoin, this is just a sign that we could expect another increase in the bitcoins price in the coming days. It would be best to hold some of our bitcoins so we can profit more from the upcoming tremendous increase in bitcoin. Switzerland has a huge population and even 1/4 of that population engage in bitcoin then we know already what is ahead of us.
Idiots, idiots every where what did I just read? an organization from Swiss wants to do what exactly? any help here? are they going to accept bitcoin as a currency and allow deposit under their security and insurance? I need to know the fees first thank you.
Bitfury expands? well good for them I hope they choke doing so
we don't need few miners to expand that will undermine the small miners efforts.
World bank is involved? rip bitcoin you were a good friend for me.
what did I just read? an organization from Swiss wants to do what exactly? any help here? are they going to accept bitcoin as a currency and allow deposit under their security and insurance? I need to know the fees first thank you.Bitfury expands? well good for them I hope they choke doing so
we don't need few miners to expand that will undermine the small miners efforts.World bank is involved? rip bitcoin you were a good friend for me.
As much I hate bitcoin's bank idea and I think is contradictionary to reasons bitcoin was created in the first place.
But at the same time creation of official institution, especially in Switzerland - regarded for their secure banking sector, will help will help bitcoin in the long run.
It will be awesome promotion of BTC and maybe it will change the mind of some undecided bystanders - pushing adoption further.
Me to if that happens the Bitcoin price is will be controllable by the bank companies.But it very great achievement if some bank accepted Bitcoin.But they are some advantages and disadvantages of it. But at the same time creation of official institution, especially in Switzerland - regarded for their secure banking sector, will help will help bitcoin in the long run.
It will be awesome promotion of BTC and maybe it will change the mind of some undecided bystanders - pushing adoption further.
The deal looks interesting, but nothing is certain. The authorities haven't disapproved it, but the Chinese exchanges also were approved at first and then almost shut down in 2014. Now, 2 years later they are investigated again, so the government never sleeps and can quickly change attitude. I hope it will be a basis for many more similar projects in Europe.
I believe there are still a lot of requirements that they need to pass in order for Xapo to start their operations in Switzerland. That might take a while but it is good to see that we are seeing news like this almost everyday. With regard to Bitfury's expansion in China, it is another great development because the support for the blockchain technology keeps growing by the day. More companies are seeing the advantages being offered by blockchain.
Yes, it is good to see that many companies and various institutions have found that blockchain technology is quite revolutionary in nature and they are stepping up to see how it can be effectively used to cut cost and improve efficiency. Both the news articles are promising and in future blockchain will play an important role in our day to day life.
It is a conditional approval. That mean they will stil need to satisfy those people on what else they can do or better. That is way of hugh leap but if this goes well then it might be good. I dont like connecting with banks but this one is known for the best privacy ever and security.
No one will force you to use it. It will be an experiment anyway. Hardcore bitcoin enthusiasts, people with libertarian background won't taint themselves with bitcoin's banks in the first place.For everybody else's it will be a sign that bitcoin is growing, is legit financial asset and can be trusted, since banks accept it.
I believe there are still a lot of requirements that they need to pass in order for Xapo to start their operations in Switzerland. That might take a while but it is good to see that we are seeing news like this almost everyday. With regard to Bitfury's expansion in China, it is another great development because the support for the blockchain technology keeps growing by the day. More companies are seeing the advantages being offered by blockchain.
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