[2013-12-09] Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency

[LiteCoinGuy]

Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency

The Swiss Parliament is considering a postulate that asks for bitcoin to be treated as any other foreign currency. The goal of the postulate, introduced by representative Thomas Weibel, is to eliminate ambiguities and increase legal certainty related to bitcoin.

...

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.

http://www.coindesk.com/swiss-lawmakers-bitcoin-foreign-currency/


would be a clever step for a land which is only wealthy because of the money from europe / world ;-)

[FeedbackLoop]

Very smart move for Switzerland indeed and  a huge turn around since this:

https://bitcointalk.org/index.php?topic=296772.20

[PatMan]

Bitcoin - the currency of Webzland 

[TraderTimm]

This would stop those "Bitcoin isn't a unit of account" idiots in their tracks. I certainly hope they pass it.