Topic: Switzerland Shows the Way: Bank First to Offer Crypto Business Accounts (Read 227 times)
June 11, 2018, 10:53:35 PM
This doesn't really surprise me as Switzerland has been "ranked by the European Union as Europe's most innovative country", it is very high-tech oriented and if I am not mistaken, has been somewhat of a hub for cryptocurrencies for the past few years. Like the article mentions, some banks already offer crypto asset management, so it was a matter of time before they started offering business accounts.
June 11, 2018, 03:50:38 PM
Switzerland is the most crypto friendly country in Europe. So they were supposed to take such kind of decision. Their decision regarding accepting crypto was a great start for their economy. Thus where most of the banks are against blockchain and crypto, their banks are opening crypto account. It is really sounds revolutionary. I hope they will be the best ideal example of all banks who are against crypto industry.
June 11, 2018, 12:51:52 PM
From my thinking I can say that Switzerland just have shown their importance towards the Blockchain syatem. There are many options on blockchin. It is good news that some countries have started to realize its potential to change the future.
June 11, 2018, 12:34:53 PM
a few years ago, alot off the bank account shut downs were due to dumbasses using personal accounts but actually running a business. or getting charged back by so many chargeback scammers the banks counldnt justify continuing to allow the business to have an account with the bank as it was causing more headache than anything.
it then moved onto the propaganda that when governments said that banks themselves cannot become exchanges for crypto. the media twisted the narative for many countries into the wrongful and outright lie of 'banning bitcoin exchange businesses'
anyway. now moving on to mor recent stuff, banks do actually let businesses have business accounts. but it seems the swiss are the first country to really shout and promote it.
this does not mean just open a swiss bank account and your immune. .. you still need to declare the business plan and show how you are going to mitigate losses. cover costs, and reduce/avoid admin headaches for the bank. just like any other business account application.
and that includes showing any AMLKYC policy/registration if needed
it then moved onto the propaganda that when governments said that banks themselves cannot become exchanges for crypto. the media twisted the narative for many countries into the wrongful and outright lie of 'banning bitcoin exchange businesses'
anyway. now moving on to mor recent stuff, banks do actually let businesses have business accounts. but it seems the swiss are the first country to really shout and promote it.
this does not mean just open a swiss bank account and your immune. .. you still need to declare the business plan and show how you are going to mitigate losses. cover costs, and reduce/avoid admin headaches for the bank. just like any other business account application.
and that includes showing any AMLKYC policy/registration if needed
June 11, 2018, 12:23:52 PM
I have always said that there will always be a Bank that goes against the mainstream trend and these Banks will get the
support of the Bitcoiners. If all the other Banks goes against Bitcoin, then these Banks {The Bitcoin friendly ones} will gain a
lot of new business and customers. We should not support the Banks that does not support us. Just close your accounts at the
Banks that appose Bitcoin use and let them realize their mistakes.
support of the Bitcoiners. If all the other Banks goes against Bitcoin, then these Banks {The Bitcoin friendly ones} will gain a
lot of new business and customers. We should not support the Banks that does not support us. Just close your accounts at the
Banks that appose Bitcoin use and let them realize their mistakes.
June 11, 2018, 11:51:07 AM
In Europe, Switzerland is the most crypto friendly country and they are taking some initiative to grow more in this unfold industry. And bank account for crypto business is a great decision where banks are always against crypto. I hope they will create a benchmark for all the countries.
June 11, 2018, 11:08:16 AM
That’s a great news. Switzerland has always been a crypto-friendly country. This step of theirs is another big example of it.
June 11, 2018, 09:38:31 AM
Switzerland Shows the Way: Bank First to Offer Crypto Business Accounts
https://news.bitcoin.com/switzerland-shows-the-way-bank-first-to-offer-crypto-business-accounts/
https://news.bitcoin.com/switzerland-shows-the-way-bank-first-to-offer-crypto-business-accounts/
that is very cool news, yet people rather decide to panic sell because of hack on a crypto exchange. Who the hell cares about a hack, it's happening over and over again...
June 11, 2018, 09:16:01 AM
a while ago there was this topic in this board talking about "banks and bitcoin" and whether they are going to some day disappear because of bitcoin. there i said bitcoin is just a new currency and banks are services with currencies, they don't care if that currency is fiat or bitcoin. of course they don't like everything about bitcoin since it helps people not need banks anymore but their services may still be continue to be useful. services such as loans for instance.
June 11, 2018, 08:58:00 AM
Switzerland is very strong in Blochchain fields, they are even trying public voting system on the Blockchain.
https://www.bitcoinmarketinsider.com/zug-to-run-first-blockchain-based-municipal-vote/
https://www.bitcoinmarketinsider.com/zug-to-run-first-blockchain-based-municipal-vote/
June 11, 2018, 08:54:43 AM
recently i just read the article and indeed seeing other countries addmited cryptocurrencies as part of digital asset is pretty good and i read it too that they're offering to their costumers cold storage for bitcoin cash, bitcoin core, litecoin, ether, and ripple however crypto related to anonymous and if we store our crypto asset through banks which mean it will not anonymous anymore
June 11, 2018, 08:48:07 AM
Actually many countries are accepting crypto based on its benefits people who are smart they understand this value because its has future value and huge amount of profit based on this Switzerland bank has taken this initiative which is really fantastic people will be encourage more also benefited based on crypto.
June 11, 2018, 02:04:59 AM
It's a good news. I hope in one day my country will do the same but in our way
June 11, 2018, 01:55:45 AM
IIRC, it has been on the news year/s ago that Switzerland is the first country to have this type of idea of accepting crypto inside the banking institutions. This is just the start and it only means crypto's aren't something that the whole world can ignore even the governments or big business entities.
bitcoin and the cryptocurrencies are here to stay, for now only bitcoin is worth something
Correct and this adoption can't be stopped, sooner or later other well known banks will do the same. 
June 11, 2018, 01:31:51 AM
this is bound to happen, it is inevitable. and it will happen everywhere in the world not just in some big developed countries that are bitcoin friendly! bitcoin and the cryptocurrencies are here to stay, for now only bitcoin is worth something and the altcoins are pump and dumps but there still is a lot of money to be made and a lot of business to be started offering different services. banks will be the first to jump on board as soon as the adoption reaches a stage when the possible profit of offering such services become incentive enough for them that they couldn't deny it anymore.
June 11, 2018, 12:43:14 AM
It’s a great news for this market. Because Switzerland connects with this market. For this reasons peoples are influence to more invest in this market. It might be a great benefit for this market.
June 10, 2018, 07:59:10 AM
Switzerland is renowned for ICO location.
But It did not have right banks to support money from ICO.
So It is good news to hear it.
https://www.finews.com/news/english-news/31443-moodys-swiss-banks-blockchain
Banks need to be changed, It they stay like always same, there are no chance.
Fintechnics, Swiss startup from former Bank developers, they want to suggest solution for banks.
So Banks and Crypto, Blockchain, We are not enemy. We can go they future way together.
But It did not have right banks to support money from ICO.
So It is good news to hear it.
https://www.finews.com/news/english-news/31443-moodys-swiss-banks-blockchain
Banks need to be changed, It they stay like always same, there are no chance.
Fintechnics, Swiss startup from former Bank developers, they want to suggest solution for banks.
So Banks and Crypto, Blockchain, We are not enemy. We can go they future way together.
June 10, 2018, 07:03:07 AM
This is great for crypto and further evidence to suggest cryptocurrency will be around for a long time and its not a fad that will go to zero
June 10, 2018, 06:59:41 AM
Switzerland is a crypto friendly country and it is one the country who has evaluated the actual value of cryptocurrency. It is really good to see that their banks are allowing crypto business account. Hope other countries will take lesson from it and work accordingly.
June 09, 2018, 04:41:54 AM
Switzerland Shows the Way: Bank First to Offer Crypto Business Accounts
https://news.bitcoin.com/switzerland-shows-the-way-bank-first-to-offer-crypto-business-accounts/
Switzerland only shows how serious they are in blockchain business, One day they will become the first cashless country. With their balance approach towards crypto industry no wonder its the start-ups favorite spot. Blockchain has a lot to offer and some countries already realize its potential on how it will change the future. https://news.bitcoin.com/switzerland-shows-the-way-bank-first-to-offer-crypto-business-accounts/
Jump to: