Bitcoin Forum

http://www.coindaily.co/2018/03/01/switzerland-wants-to-be-the-crypto-nation/

Switzerland's tiny neighbour, Liechtenstein, is taking a leadership position with much bolder policies and a faster, more focused government that truly understands and embraces blockchain technology. For that reason, it truly deserves the title of "cryptocountry".

I think Switzerland will catch up eventually. BTC will go to moon. How do you think?

One of my work colleagues is in Switzerland and he tells me that they are already extremely crypto friendly. Zug seems to be the hub of activity and nowadays there are already many crypto companies basing themselves there.

Switzerland is a natural fit for cryptocurrencies. Swiss banks are famed for their safety, their currency is considered one of the most stable and their strict privacy laws made everybody happy. It is only recently that the global focus on money laundering has lessened the appeal of Swiss banks. If they carry over some of these attributes to the crypto world, it will become very popular.

The Wolf of Wall Street talk about Swiss banks too so i think there is best place for money laundering in the world

it is always a good news to hear more countries are adopting bitcoin and generally cryptocurrency technologies. and those that move first will become bigger in the near future compared to those who fall behind the adoption.
and this will always lead to more adoption of bitcoin one way or another and that will help with the price rise of it too. and Switzerland is a known place for this kind of stuff, they have not been strangers to bitcoin there and things can grow real nicely there.

It's so cool. In my country-Vietnam, many friend of me think crypto currency is purple, they always told me stop invest in it :(

Sadly they already lead the KYC march with the beloved Bitcoin Suisse, if them being "cryptocountry" is more of that then don't sign me up.

Well, I've got mixed feelings about it but it still soungs great.
It is a bit unclear why are they doing it because Switzerland  is already trying to deflate their currency in order to boost their export but they can't do it for many years. Attracting a big amount of funds from crypto world doesn't seem to be helpfull here but I believe that they goe a plan.
BUT! The best thing about e-franc is that it would be backed by the trusted government, which means that it can easily take Tether down and make crypto trading way safer for everyone! I can already imagine how everyone is trading BTC to e-franc. :)

That is not surprising. Switzerland was always smart about the money. That is why many people hold their fortunes in the banks of Switzerland. Since the tide is changing out of the favors of banks and into cryptos - Switzerland wants to be on top of that in any way they can or need to.

Kudos to Swiss! Always smart.

Good for them! and I think they will have success.

The best thing for us is some nations trying to compete to be the most crypto-friendly country. This will cause more nations to follow the steps out of FOMO and will help mass adoption as well.

Switzerland has always been a haven for money. Of you would want to hide and stow away your financial assets there in an ironclad secrecy process then having the Switzerland laws regarding their banking institutions are the best way to start. However, this comes as a great news if at leadt one cou try, and a country as influential as Switzerland can come to the fold and be one of the countries first to integrate and fully embrace the concept of the cryptocurrency then that would be a great boost to the bitcoin value and to the community as well

Switzerland is actually business hub so if they will start to clearly support crypto than that can be huge.

Actually there is also many other countries who are already adapting themselves towards crypto for example Australia. There are many Bitcoin and block chain based companies situated on Australia and they are also talking about converting whole Brisbane airport into crypto hub which will be first of it's kind in the world.

Future of crypto is really bright.

Currently Venezuela has widely applied crypto in their own country and in particular they have created crypto petro for exchange, which is a trend that needs to be promoted. Switzerland is also a country with a growing cryptocurrency market, so I am confident that this country can completely become a crypto power in the world.

What I find very interesting is that Switzerland is usually known for having a very big banking system.
And what we usually hear from the major banks are warnings about crypto currencies.
Ther government in switzerland does not seem to be impressed by that, although I am sure the banks there have a big lobby.
We can learn that banks and crypto currencies can develope parallel! It is not an either-or question!

as long as by "crypto-nation" they don't mean the same thing as "create your own government controlled cryptocurrency", this can be considered good news. otherwise it is only good if the market remains free and people can feel free to choose between the options they have in front of them: bitcoin or centralized altcoin the government created!

If this thing goes well and the plan succeeded, this will be a grat boost to Bitcoin.  Definitely with more demand, price will moon.  Though the question is, is it really enough to push Bitcoin to another ATH?  I think media's and promoter must sync with this news and make a huge promotion about this so that more people will know about this news,

yes it will be very good in my opinion, because as far as I know swiss is a country with a high degree of confidentiality to its bank customers and as you say if swiss will bring its banking part to the world of crypto then of course this is a good thing for the good crypto world now or in the future

This will be an interesting and exciting race with Japan. But whoever wins, all of us who are into bitcoins will greatly benefit from this friendly competition.

If I understood correctly, Switzerland wants to create its own cryptocurrency controlled by the bank. They will adopt blockchian to their needs and create e-franc as an electronic payment system to replace cash.

it seems like everyone is doing it this days! so it seems like a possible thing that we see a new coin called Switzerland coin at some point. but i think it is just a short term hype and it will die off.

what will remain is the adoption of bitcoin which these decisions will help become bigger.

This is good news but not many countries have this kind of position, if only ten or twenty big countries have this position when it comes to cryptocurrency, it will be a better world for the industry, no wonder countries that adapt cryptocurrency are technology driven.

Switzerland is known for some time as a very friendly country when it comes to cryptocurrency,you can even pay your tax in BTC in town of Zug if I remember well and also buy BTC on machines for the purchase of railway tickets.But in this article there is no too much or at all mentioning of BTC,but the main theme is how will bank prevent some digital currencies to take place they have now.


So that "wild west" is maybe BTC,and since they (banks) can not control BTC only way to stay in game is to create their own digital currency.But I think that BTC still has its future,it is first decentralized currency for people and because of that there is a huge interest in it.

After popular, it can be really good specially for them and bitcoin itself.
All impact will be to bitcoiners who patient waiting the bitcoin price and this is good news for us.

Switzerland knows what it is doing. Several hundred years without war and good economy well that is a nice background.
If they acknowledge Bitcoin it will be huge. A big breakthrough will happen.

Those are great news, and it's the second time I see them today. It's good to see how positive news are now spreading out instead of the past fud news we where having. It's also mentioned there that they are interested in creating their own crypto currency. The same desire was expressed by many other countries, and I still don't know the effect this will have on bitcoin. It's still a centralized system, but it has the potencial to become better that the current one, because it will be more transparent. Let's see how it goes.

By the way, if you are interested in more positive news, check this thread, and participate there as well.
https://bitcointalk.org/index.php?topic=2865338.0

The point is to spread the good news, and fight fud.

Yes. Switzerland is just doing what Switzerland has always done - keeping up with developments in order to ensure they remain a world class financial centre.

What do you mean switzerland will catch up? They are already in the top of it! Their ministry have already released guidelines to regulate certain ICOs. A total of $3Billion was made through ICOs last year and switz attracted like a quarter of it!

So when is your country time to do so? In my country i think its not possible since my country not accept bitcoin as legal payment.
We can use bitcoin for online investment but not for online payment so no company build for this reason.

It might be come true because switzerland is one the powerful nation in world and their banking business is well known around the world and crytocurrency is being use in this country so they are trying to adopt crypto.

Switzerland always good handling on money. They want to be country that safe to keep money and saving wealthy. Their bank regulation and goverment regulation give opportunity on their society to grow and developing their wealthy. I hope that will happen to other country too

That's true and so this coupled with their banking secrets I guess will make them very powerful and a perfectly secured place to spend bitcoins or even access them online because their laws are flexible on financial matters and they wouldn't easily give you up.

Yes in many ways Switzerland has really been leading the way for the developed world on the crypto industry. Switzerland is still having a problem with crypto projects using non for profit foundations for essentially for profit token projects.

This is a great news if Switzerland finally one of the cryptocurrency nation,Bitcoin price will rise to the moon for sure,it will made cryptocurrency more popular and more investor will trust the technology into business.

According to a number of online publications, last week a private conference took place at which Swiss Minister of Economy Johann Schneider-Ammann announced that his country wants to be a "crypto-nation".

I think this is very interesting, swiss is where the largest banks around the world will now support crypto. now cryptocurrency will be brighter ..
we will see how the next development ;D

What will go to the moon, Switzerland? Will Switzerland will be now on the moon not earth?  ;D

Anycase i doubt that Switzerland wants to be a hub for crypto. Sure, they are looking forward and have some adoption but i think that they are not going to go crazy, they have enough wealth.

Well maybe they wanted to be a crypto hub to attract potential crypto companies to established their business operations there. Binance is already moving to Malta, but I'm sure that they have looked at other options like Switzerland.

About the wealth, there is no question about it, but nations thinks about their future. They need to be sustainable. And becoming a crypto hub where a lot of blockchain/crypto activity is centered around you, I'm sure that they can increase their wealth which can result on a more growing and sustainable economy.