Topic: Switzerland=Bitcoin Boom (Read 2062 times)

Why all so surprised by this news? In fact, many just dream about that Bitcoin has been recognized officially. And then - it happened. How it will end, nobody knows. But the first step towards the interaction with bankers cryptocurrency

That cannot be said with certainty

But what could be is that banks will obviously use Bitcoin to get more profits, so we can expect the emergence of paper bitcoins, i.e. not real bitcoins but just promissory notes. We have already been there, and it didn't end well. I mean gold certificates that many banks issued in the amounts by far exceeding the amount of gold they actually had in their vaults. That gave rise to many famous bank-runs of the 19th and early 20th centuries



If Bitcoin gets universally accepted, it is just a question of time till we see something like this

Woahhhh no I didn't realize their bank was going to accept bitcoins wtf!? Holy shit guys are you seeing this? I mean I wouldn't put my bitcoins in a bank but lots of old people will want that.

That's good for adoption which is in the end is all that matters!! Right?!

https://www.ted.com/talks/glenn_greenwald_why_privacy_matters#t-237601

Since you seem to be a new member around here: with Bitcoin, you don't need a bank account.
You are you own bank, problem solved.

It's clearly a positive move, certainly among the most progressive approaches to Bitcoin yet installed by governments. However it's still bureaucratic compared to the permissionless usability of Bitcoin itself.

Concerning is the institutionalization of Bitcoin as a bank asset, which means that the government expect people to rely on third parties to store their Bitcoin which undermines the very reason for its creation. At least it is positive in terms of adoption: With the SBB ticket machines selling Bitcoin and this initiative, people in Switzerland will be able to buy Bitcoin easily almost anywhere.

Hopefully they make the right choices when it comes to choosing a wallet...

ya.ya.yo!

Swiss government is very open I read on the altcoin section that a swiss based company is setting up a crypto currency of their own,anyway this is not a surprise,Swiss banks are known for their secured banking system,some dictators are known to put their cash here.

Which country would that be?
I don't think it should happen there unless the country is in of the first world and not a third world one or one that is communist like Russia or Cuba is.

Next small news from Switzerland
http://www.coindesk.com/ubs-invest-blockchain-amid-asian-expansion/

Switzerland has long tradition in alternative currencys.His complimentary currency gold frank was born in 1932 and it is still running.Trade volume is very high heavy mns of frank every month.And whatever CERN is in Switzerland internet was born there.Now i am enjoying of his encrypted email proton

It looks like a lot of government banks are looking into the adoption of digital currencies, meaning a lot of investors will hopefully take this seriously and make bitcoin a part of their asset portfolios.

Switzerland once again is showing the world why they are leading country of the banking and financial services. They can read the pattern of the bigger picture.
I thought that recent news about Swiss railway bitcoin adoption was strange and out of place, now I see it is all connected.
They knew that BTC can be real disruptor of the future economy based on digital assets, they are gearing up to start race before everyone else.

Honestly, I've been in many countries in the world, many countries are very cool like Holland, Korea, US, Australia, but Switzerland are ultimate in everything. It's not strange that the "Boulevard" is nearly Zurich, because it's a city with a very high quality of life, students and professors are awesome. I was in Zurich and Bern this 3 last years (there and Rotterdam are my mandatory stops ). Btw, the politics in SWZ are very original too. They develop there own ideas and that's amazing. Hail to Switzerland.

I'm not very familiar with the current foreign currency regulations in Switzerland, and I'm a little bit wary if they would actually make Bitcoin any good in comparison with the present state of affairs, even if Bitcoin is not regulated now and there is a lot of legal uncertainty for its users in that country. Honestly, I'm afraid if they could in fact do Bitcoin a great disservice at the end of the day with their "regulations". As the saying goes, the road to hell is paved with good intentions...

Anyone with a deep understanding of the Swiss financial as well as legal system?

I think this is the first step for new generation of bitcoin and maybe will release more good news in other bitcoin to release bitcoin banks also or banks can also accept bitcoin.. this is good news who are living in switzerland. and yeah like other said that this is one of the richest country.
So i think it can affect the value soon.

Switzerland is known to be well versed in matters of money handling for a long time now.
I suppose if they see that much potential in bitcoin we can not be on the wrong track.
I'm glad to see that bitcoin is getting more and more repected in the world.

If all goes as planned, bitcoin could be practically recognized by Switzerland as a legitimate foreign currency. The move would drastically reduce legal uncertainty for bitcoin users, at least in Switzerland, namely the Swiss banking sector. It would allow Swiss authorities to apply existing foreign currency legislation to bitcoin and other digital currencies.

Switzerland was always very progressive state in every way so I'm not surprised.
Even before that news I've heard something about the rumors that certain banks are secretly preparing themselves for Bitcoin era and to offer Bitcoin wallets in their branches for the clients. Maybe soon this will become our reality.

If you are from USA than forgot USA has FACTA
IF you are from EU propably not,it will be possible to do online i guess

I think it is real,it is already in precess,from article ,looks like bitcoin and digital currencys development is Switzerland project,and that is real already.So bitcoin start up will find funding
Read article from 2 nov http://www.coindesk.com/switzerland-bitcoin-regulation/
During a press conference, Swiss Finance Minister Ueli Maurer argued that the proposed fintech legislation would help draw in more companies – though the country’s accommodative stance has already led some blockchain startups to make their home in Switzerland.

"We assume that with the steps we have prepared and the commitment we have to the overall financial services industry we can provide a solution that puts us among the top (countries) in the world that regulate this," he said, according to Reuters.

Targeted, innovation-friendly supervision and regulation
The long-term success of Switzerland’s financial centre depends largely on its ability to innovate. FINMA is therefore adopting a more pro-innovation approach to regulation and supervision and will push for the removal of unnecessary regulatory obstacles for innovative business models (Goal 5). It also remains committed to principle-based financial market regulation and will continue to promote equivalence with relevant international requirements (Goal 6).

It is real,SBB is not acepting btc yet but one of canton is already acceptng

Wow its so big news, let's hoping it will survive from political process.
Very curiously how crypto-banks works, also let's hoping it always be a decentralize, although i still doubt when it connected with "bank".

Anyway this is the one of reason why the price movement have more stable?