Swiss banks to open up for Crypto Business

Vicodin

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Quote from: el kaka22 on July 25, 2018, 06:28:03 AM

Quote from: bigcash2011 on July 06, 2018, 05:54:29 AM

That is good to know, so Switzerland wants to keep the crypto money at home as well, it will be great for overall crypto market and more countries will follow this by allowing crypto business however we should also keep in mind that crypto is basically borderless and decentralized and even restrictions do not have significant effect on them.

It is really good to know and I am happy we are at least seeing some development as regards to adoption in some countries with this news even with all the downtrend still persisting. I am sure as time goes on; every other country globally will start using these smart countries with visionary leaders as a case study when they start seeing the boom in their economy.

It is a very good announcement, the days we have all always been looking forward to right from the start of this journey is actually getting close. I am expecting Swiss government to legalize bitcoin following Japan. We are going to have moon-touching rally of bitcoins in coming days.

From what I know, switzerland has already legalized bitcoin, you can pay your taxes even in bitcoin. I only know this from an article I read on cointelegraph, would be great if people from switzerland can verify that...Japan should have been N1, in honor of the great Satoshi Nakamoto. But I am sure they will follow soon. Japan is very positive on Crypto, the government is invested in ADA, that should make a lot of people confident. Not all countries are against crypto, only the ones who are completely blind.

Digital_Lord

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

It is a very good thing that the level of cryptocurrency adoption and awareness is increasing hugely in the European continent at large and Asia which is about time other parts of the world start seeing the necessity to take advantage of these great opportunities. I am sure this is just a start and we have seen nothing yet.
Eventually, we will get to see more adoption from government and banks after seeing the level of benefit they stand to gain anyway. Some years back Swiss railways announced about selling off bitcoins from their ticket counter and from that I did see bitcoin prices started to soar. Hence, this news also may lead to another big ATH also.

Zhen Zhibing

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Switzerland has been known as a friendly country and has open law. I'm not surprised about this.

futurefuturecoins

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Good news from Switzerland. All countries need to take an example from this country, so that no one is thrown overboard the civilized digital future, in which the crypto industry will inevitably reign.

Accts4u2

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

This is good news, the more that the banks open up their doors for cryptos, the more people are likely to trust cryptos and be interested in investing in them. Swiss banks have always be one to want to follow where the money is coming from so I really am not surprised that they are opening their doors so soon for crypto trading.

TomiJerry

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

I think that cryptoprrojects should not have be founded in locations with cryptocurrency regulations. Much better to make cryptocurrency project on the territory withour any regulations.

benpoliang2m

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The Swiss bank has opened the way for Crypto Business. This is a great news. It is an affirmation of the encryption industry and a very smart decision. He will guide more and more countries to understand the importance of encryption and its technology. Promote the development of the encryption industry

sergey1301

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This country has always supported cryptocurrencies. It will be good for the country's economy. It is a pity that other countries do not understand this (or are just beginning to understand).

kingcrypto-the2nd

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they dont have a choice, if you cant beat em join em. tell the financial institute that there time is up they have to bow to the cryptomarket or they get butted out.

NewBet

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More and more will start to follow. They are right in their assessment, just because you do not accept the cryptos investors and business people to do business with your bank will not stop them from being involved in cryptos, they will just find another way to carry out their business which would mean the banks themselves are the ones losing money. Smart move on the banks part if you ask me.

ityandsyn

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

It's very nice to hear news like this for crypto industry and that is a good idea since cryptocurrency is legal to use in switzerland , and this helping crypto more valuable,and this causing price of bitcoin and altcoin growing up high.

el kaka22

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Quote from: bigcash2011 on July 06, 2018, 05:54:29 AM

That is good to know, so Switzerland wants to keep the crypto money at home as well, it will be great for overall crypto market and more countries will follow this by allowing crypto business however we should also keep in mind that crypto is basically borderless and decentralized and even restrictions do not have significant effect on them.

It is really good to know and I am happy we are at least seeing some development as regards to adoption in some countries with this news even with all the downtrend still persisting. I am sure as time goes on; every other country globally will start using these smart countries with visionary leaders as a case study when they start seeing the boom in their economy.

It is a very good announcement, the days we have all always been looking forward to right from the start of this journey is actually getting close. I am expecting Swiss government to legalize bitcoin following Japan. We are going to have moon-touching rally of bitcoins in coming days.

ekechie

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This is another great news that could make the crypto market to jump even higher, this kind of news is what we want to be hearing about cryptos as more established institutions enters cryptos space the more the price will increase.

Olga_Vershunina

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The Swiss government and the Swiss banks are quite good at supporting the sphere of investment and technology. The Swiss banks will still play a big role in the sphere of crypto-currencies.

CryptoCoinArbitrage

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I am not surprised. Switzerland always finds the way how to attract big money as they are a safe heaven for money from around the world. As they are already a Crypto friendly country , with new policy and access to bank services they will attract more and more ICOs in the future for sure.

RakknRoll

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That is great that swiss banks will be open to have venture or partnership in cryptocurrency business;
from this they can be able to open more new doors for the benefit of the public towards to the success.

BlasterS

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Swiss are one of the biggest international bank,
I think that is great when they open their door for accepting crytpto business which will lead a huge income and lots of people can be benefited from it.

oho

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If it does, then a lot of money will flow into the crypto currency market! But often such news becomes a fake! Let's hope that not this time!

Bonwin

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More developments coming to the crypto space. This is progressive. Just lately, i have been receiving good news as regards the good disposition of some countries to crypto. Many are now embracing and becoming soft towards crypto.

Snaic

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Very good news. Swiss banks have always been the benchmark of trust. If they begin to provide services in the crypto currency, this will greatly increase confidence in it. I think the example of Swiss banks will spread after this and not the banks of other countries. They also will not want to lag behind world progress.

daenarys_stormborn

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swizz is very well known in terms of his finances, and this is a very good news for the world of crypto, hopefully many other countries will follow the trail of swizz, because with this bank swizz is one step ahead

Way2Paradise

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

these are news that i like to read. the first banks to accept crypto will surely attract many people. such things could serve as a future safe harbor for storing coins. there are enough people who do not want to store their coins on their pc or mobile phone. that would be a good alternative.

@ophiuchuss13

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Switzerland is the country from which all financial management of the whole world is conducted and it is not surprising that they are the first introduce a new system of monetary circulation, so that we can freely buy and sell in the future.

Cryptoguru274

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

This latest financial policy arrangement of the Swiss banks is a welcome development for the Swiss community in particular and the entire cryptocurrency space in general. If well implemented will go a long way to help crypto startups raise funds for the various amazing projects they have in mind. Thanks for this wonderful information.

Voidcrafter

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This is indeed the right decision on the part of the Swiss government. To attract large amounts of money to the country's economy, it is necessary to create favorable conditions for investors and creators of crypto startups. I hope that many countries will understand this important idea of cryptocurrencies and blockchain technology, that this is our future.

webblast78

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This is wat tokenpay choose swiss as center with efin and tokenswiss this will get so big in next coming months tokenpay is work on a mega overal platform fully decentrilized it product will be amazing

cryptobae10

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I think this is a positive news for crypto
It improves the terms and proof that banks can accept crypto currency and can also bode well for general acceptability of tokens

hitrawal91

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Swiss banks are really one of the big banking community from all over the world and if it is accepting the cryptocurrencies then it is really a great information for all of us. I am fearing about the black money holders in the Swiss banks from all over the world who can easily convert their black money into cryptocurrencies and use it for legal purposes. Everybody would like to be a part of this Swiss bank and enjoy the banking services with Cryptocurrency facilities and I think there is very less number of the banks to deal with Cryptocurrencies.

Mt Pelerin

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Quote from: pretfeestje on July 13, 2018, 10:40:34 PM

I don't think any bank is saying no to crypto companies - just the credit lines maybe. Unless they are trying to say they give bank accounts to decentralized unmanned blockchains.... true cryptos aren't even "companies" - which is what all the fuss is about. Decentralized currency running as a consensus on anonymous peers that cannot be controlled by a central authority.

Yes they do, because they are reluctant (and/or not geared) to deal with the specificity of KYC and AML related to such "crypto companies".

hastag_80

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

wow,its a greats news!hoping thats this happen early in this year so that everybody all of us the community of bitcoiners would be benifited this kind of grace,because this happen is a big impact to the worlds of cryptocurrency because switzerland is one of the country that belong in the most influencial country all over the worlds,and this switch bank open about crypto is a big oppurtunity that they spread the goodness of cryptocurrency investment and the benefits of this worldwide.

pretfeestje

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I don't think any bank is saying no to crypto companies - just the credit lines maybe. Unless they are trying to say they give bank accounts to decentralized unmanned blockchains.... true cryptos aren't even "companies" - which is what all the fuss is about. Decentralized currency running as a consensus on anonymous peers that cannot be controlled by a central authority.

Sri Asih

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Smart decisions, this is far from the policies of our country, who prefer to play safe in the development of the era. The headquarters of the coolest projects, including Ethereum, are located in Switzerland. Switzerland is a country with forward thinking, not just in the field of currency-crypto and blockchain, Switzerland is one of the most prosperous and financially stable countries in the world.

Zaidaskin

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

My opinion, Switzerland has made good progress in the crypto world they have done right. Perhaps, this is something that other countries must do, where they are open to all forms of modern day change as it is today. Switzerland at its best.

eriwis

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

I think we all have to learn. Especially for their leaders of the country. Do not be too rigid in the digital world, do not sum up everything badly. Cryptocurrency is the solution of the future, anyone who moves quickly to learn, then he will be a winner.

0t3p0t

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

This news is not only good for the Swiss people but the whole world can benefit with it because there will be a possibility that people were to be educated due to the governments support to cryptocurrencies. Cryptocurrency community will become bigger and bigger and I think more countries will try to adopt just like Switzerland. This will make cryptocurrency become more mainstream.

Fourgh

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

That's great news. Hoping other countries will follow through. Banks are not so friendly in giving back some of the profit they have from our money.

Shikamaru

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Honestly I am very happy to hear such news, because when talking about the fact that in many countries they are very negative about cryptocurrency. Many people do not understand how they treat cryptocurrency well. I am very happy to see news about one of the middle east countries that started working on blockchain technology.

gawuk

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Ordinary course, I'm not surprised. We all know swiss is the center of world finance, many big banks are choosing headquarters there.
In addition to a good business climate, this country has a culture that is able to accept all sorts of new things, including the crypto currency.
So, this is a very reasonable news.

chandrarahmadewa

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

hello my friend
Wow, the good news is coming back from the Swiss country about the cryptocurrency industry. The Swiss state always supports cryptocurrency and is highly developed. Exceptional country

duchaitp

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Good news for the cryptocurrency community. This will motivate many other governments to study and support cryptocurrency.

thatkid1

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Good news. I guess this will enable more fiat flow to crypto market.

leea-1334

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I thought the era of Swiss accounts was over but it seems we can get another round of fresh prestige with these type of accounts. I am familiar with Singapore's own history of doing bad banking business if anyone can remember what and how it was in the nineties,,, let us hope the same will not happen with crypto bank accounts. I mean, everyone is free to do economy but partnering with banks is always suspicious to me even if it helps crypto.

DerTrey

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It's good that Switzerland see the potential that blockchain technology and crypto currency has, the more such positive news the sooner the market of crypto currency will recover.

TonyCallahan

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This is indeed a good new for the people in the crypto currency market. Having the back up support of a strong bank like the swiss bank will benefit the investors a lot. At the same time, the participation of countries show a good sign for the people in the market.

ShawnJessie

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That's a great news for the cryptocurrency community. Sweden is a crypto-friendly country. Their this step towards cryptocurrency is another big example of it.

SeXy

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Very captivating counsel. I accredit that it is absolute defecation in relation to crypto manufacture. Switzerland is a crypto attentive congenital land and various artifact design way came from this country.

DavidBolster

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After inventions of crypto people are watching this benefits based on this many banks are against it but very few large banks are really interested about this matter which is really good news for all crypto users based on this Swiss banks initiative is really good to know this.

annasadia

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As we know the Switzerland has always been so friendly to the crypto markets, it is a wonderful news to hear that the Swiss banks will now store thw crypto currrencies.

sharkpc2000

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this is a extremely elegant information and for the adoption of cryptocurrency cosmopolitan. Switzerland is a sovereign country that's get-up-and-go looked up alongside others so with their cleft, not far-off power further complete the equivalent thing if they examine opportunities within it.

TheRiddingCoin5

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If this happens, I think crypto will also gain a measure of acceptability and credibility which will only help it's growth and of course prices to the moon Wink

lilianalessie

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Its a good news for this crypto market. For this reason many people’s are influence to invest on this market. Because they started to believe this market has a great future. I also hope in near future all countries are also connects with this market.

rabia_laskor

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Great news. Switzerland had always been a crypto friendly country and now swiss bank opening up for crypto is even a better news. Happy to hear that.

bartolo

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Where do these restrictions come from, from the government or from the banks themselves? It's surprising that this thing happens in a country like Switzerland. At least they have realized the error and are rectifying. In this globalized world, talent always seeks the most friendly place to develop, if you bet on a sector you have to do it well.

dpa85

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This is good news for all crypto space. The more countries I support crypto, the more chances for growth. Roll Eyes

supermine

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Quote from: tsaroz on July 06, 2018, 05:50:04 AM

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

I don't understand in what way the banks will support crypto currencies but still it is a positive news that can help the people to regain the trust which lost on the recent price crashes.For the few days the prices were climbing up so more and more positive news needed for now.But crypto is against banks of they support crypto they are digging the crave for themselves. Cheesy

3kpk3

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This is good news. Switzerland adopting cryptocurrencies is not surprising in my opinion since I never heard of them outright banning cryptocurrencies in the past. More and more countries adopting crypto is a great sign and it proves that the cryptocurrency market is here to stay no matter how the coins and tokens perform. Lets see if this piece of good news will help the ongoing mini rally persist even further.

Gaaara

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They're expecting that cryptos will start to dominate again after that struggle, I think that they actually been planning this all along but they have to wait until the worst downfall to recover. Now that the adaptation has started again we're looking at the market with a great potential again we should cheer up and see that this is another step of regaining the cryptocurrencies market confidence.

X-ray

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Quote from: batang_bitcoin on July 07, 2018, 05:25:48 PM

Switzerland as always doesn't want to be left behind when it comes to adoption and technology. Since last years they have been supportive to cryptocurrency.

Quote from: Phil2018 on July 07, 2018, 04:55:47 PM

Very interesting news. I believe that it is positive movement towards crypto industry. Switzerland is a crypto friendly country and many good project also came from this country. I think it is a very good decision taken by Swiss bank.

Yes this is a very interesting news and for the adoption of cryptocurrency worldwide. Switzerland is a country that's being looked up by others so with their initiative, nearby countries can also do the same thing if they see opportunities within it.

And malta has done the same thing like what swiss has already done. But i guess that will act just like escrow or online wallet for our crypto. But these days the majority of canadian countries are supporting crypto currency. I'm glad to see the more countries consider crypto as a serious thing.

jamesbtcearn

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The participation of the Swiss bank is indeed a very good news for the people in the crypto currency market. The Swiss has always been lenient when it came towards the crypto currency market and their aid will provide a great help for the market along with the investors in the market.

batang_bitcoin

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Switzerland as always doesn't want to be left behind when it comes to adoption and technology. Since last years they have been supportive to cryptocurrency.

Quote from: Phil2018 on July 07, 2018, 04:55:47 PM

Very interesting news. I believe that it is positive movement towards crypto industry. Switzerland is a crypto friendly country and many good project also came from this country. I think it is a very good decision taken by Swiss bank.

Yes this is a very interesting news and for the adoption of cryptocurrency worldwide. Switzerland is a country that's being looked up by others so with their initiative, nearby countries can also do the same thing if they see opportunities within it.

voteformeg

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i think it is very good news to dhare but it is just the start , more and more country's going to understand the importance off crypto and it's technology , the better times are coming for crypto

criptoman83

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Very smart decision. It's much more far-sighted than our state policy, which prefers to put the sticks in the wheels. The headquarters of the coolest projects , including Ethereum, are located in Switzerland. and many others. Due to its forward-thinking solutions, not only in the field of crypto-currencies and blockchain, Switzerland is one of the most prosperous and financially stable States.

Phil2018

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Very interesting news. I believe that it is positive movement towards crypto industry. Switzerland is a crypto friendly country and many good project also came from this country. I think it is a very good decision taken by Swiss bank.

Nivelir

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It is very pleasant to hear such news, because when talking about the fact that in many countries they are very negative about crypto-currencies, many people do not understand how they treat crypto-currencies in general. I am very glad to see news about Uzbekistan, which took up work on the blockchain

dukemc

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Switzerland make good progress in the crypto world they have done things right in the past and will do things right in the future

Currencyguide

newbie

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Merit: 0

It's good to know that Switzerland is ready to do business with cryptocurrency and they want to keep their money to in their own country. hopefully cryptocurrency will see more progress in the upcoming future we just have to wait for the right time.

beskid

full member

Activity: 252

Merit: 103

Find a bank that is ready to cooperate with a crypto-exchange or crypto-exchanger, often becomes a non-trivial task. Market participants migrate from country to country, not so much in search of better conditions, as in looking for banks or payment systems ready to work with them in principle. Until now, Swiss start-ups had to cooperate with foreign banks - with all the wealth of choice and the degree of development of the banking services market , in Switzerland there were no banks ready to communicate with crypto-currencies. This news will significantly strengthen the position of crypto currencies in Switzerland.

bigcash2011

sr. member

Activity: 1442

Merit: 265

That is good to know, so Switzerland wants to keep the crypto money at home as well, it will be great for overall crypto market and more countries will follow this by allowing crypto business however we should also keep in mind that crypto is basically borderless and decentralized and even restrictions do not have significant effect on them.

Hopeman1

member

Activity: 154

Merit: 10

Open and Transparent Science Powered By Blockchain

Switzerland has always been a friendly country to cryptocurrency markets. Grin

Many excellent projects come from Switzerland, which has better policies. I think the development of Swiss block chain will be excellent.

tsaroz

legendary

Activity: 3094

Merit: 1069

Vave.com - Crypto Casino

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Topic: Swiss banks to open up for Crypto Business (Read 399 times)