News From Switzerland

[Pab]

Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/

And something big from China

http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/

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[Karpeles]

will we be able to make secret accounts with bitcoin, like the people that want to hide dirty money always do in the movies?

[Slark]

As much I hate bitcoin's bank idea and I think is contradictionary to reasons bitcoin was created in the first place.
But at the same time creation of official institution, especially in Switzerland - regarded for their secure banking sector, will help will help bitcoin in the long run.
It will be awesome promotion of BTC and maybe it will change the mind of some undecided bystanders - pushing adoption further.   

[LeGaulois]

will we be able to make secret accounts with bitcoin, like the people that want to hide dirty money always do in the movies?

This period is over in Switzerland since years. You can't even open a bank account if you have nothing related to the country (citizenship, business,ect)
While they have good customer privacy policies they are very carefull with the fraud and where the money come from ect. Since the scandal with banks from others countries years ago

Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/ (http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/)

And something big from China

http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/ (http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/)

I am not surprised from Switzerland giving approval to establish crypto bank . Ths country is very smart when it's about money 

[danherbias07]

It is a conditional approval. That mean they will stil need to satisfy those people on what else they can do or better. That is way of hugh leap but if this goes well then it might be good. I dont like connecting with banks but this one is known for the best privacy ever and security.

[Doms]

I believe there are still a lot of requirements that they need to pass in order for Xapo to start their operations in Switzerland. That might take a while but it is good to see that we are seeing news like this almost everyday. With regard to Bitfury's expansion in China, it is another great development because the support for the blockchain technology keeps growing by the day. More companies are seeing the advantages being offered by blockchain.

[Sundark]

It is a conditional approval. That mean they will stil need to satisfy those people on what else they can do or better. That is way of hugh leap but if this goes well then it might be good. I dont like connecting with banks but this one is known for the best privacy ever and security.

No one will force you to use it. It will be an experiment anyway. Hardcore bitcoin enthusiasts, people with libertarian background won't taint themselves with bitcoin's banks in the first place.
For everybody else's it will be a sign that bitcoin is growing, is legit financial asset and can be trusted, since banks accept it.

[anonbit992]

I believe there are still a lot of requirements that they need to pass in order for Xapo to start their operations in Switzerland. That might take a while but it is good to see that we are seeing news like this almost everyday. With regard to Bitfury's expansion in China, it is another great development because the support for the blockchain technology keeps growing by the day. More companies are seeing the advantages being offered by blockchain.

Yes, it is good to see that many companies and various institutions have found that blockchain technology is quite revolutionary in nature and they are stepping up to see how it can be effectively used to cut cost and improve efficiency. Both the news articles are promising and in future blockchain will play an important role in our day to day life.   

[darkangel11]

The deal looks interesting, but nothing is certain. The authorities haven't disapproved it, but the Chinese exchanges also were approved at first and then almost shut down in 2014. Now, 2 years later they are investigated again, so the government never sleeps and can quickly change attitude. I hope it will be a basis for many more similar projects in Europe.

[GreenBits]

As much I hate bitcoin's bank idea and I think is contradictionary to reasons bitcoin was created in the first place.
But at the same time creation of official institution, especially in Switzerland - regarded for their secure banking sector, will help will help bitcoin in the long run.
It will be awesome promotion of BTC and maybe it will change the mind of some undecided bystanders - pushing adoption further.   

Me to if that happens the Bitcoin price is will be controllable by the bank companies.But it very great achievement if some bank accepted Bitcoin.But they are some advantages and disadvantages of it.

[ImHash]

Idiots, idiots every where what did I just read? an organization from Swiss wants to do what exactly? any help here? are they going to accept bitcoin as a currency and allow deposit under their security and insurance? I need to know the fees first thank you.

Bitfury expands? well good for them I hope they choke doing so we don't need few miners to expand that will undermine the small miners efforts.

World bank is involved? rip bitcoin you were a good friend for me.

[Xester]

This is another good news. Good news keep popping out for bitcoin, this is just a sign that we could expect another increase in the bitcoins price in the coming days. It would be best to hold some of our bitcoins so we can profit more from the upcoming tremendous increase in bitcoin. Switzerland has a huge population and even 1/4 of that population engage in bitcoin then we know already what is ahead of us.

[marcoman22]

That seems to be a great step in bitcoin progress.As we know, regarding huge money transactions and investments, Switzerland has a unique place for itself.Now Xapo has been given conditional approval by swiss finance regulator.Switzerland has realized that block chain related companies cannot be further avoided.Bitfury has entered the world biggest bitcoin miners ecosystem.Both the news above show there is a very big future for blockchain related and service providing industries.

[szpalata]

Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/

And something big from China

http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/

It's good news for crypto enthusiasts because Bitcoin bank can really enhance its usage and promote safety as Switzerland is noted for such safety and security traits. It will allow companies to store up more bitcoins but in a way it will also promote the negative usage of bitcoins through drug barons and money laundering which we must find a way to curtail.

[olubams]

Its actually something to be happy about and its a new one in the right direction even after the various negative news being spread all over that we can still get a good news is something to really be joyous about. But the issue here is the news is coming from Switzerland in which I am far away from at the same time as China as I am not left with only to benefit from the indirect benefit this development might bring...

[tabas]

So their plan has already implemented and this is a good move for Switzerland they are considering now bitcoin. And as a first world country for sure those third world countries will do the same and make them realize that bitcoin is a good way to use it for their transactions. This is going to have a big impact in bitcoin economy nowadays.

[cakravothy]

i think is very good if next time xapo can open bank with regulation switzerland
but another wallet service, debitcard service, bank service, is not complete if not open market exchanger

[bitbunnny]

Swiss people have always been inovative when it com to banking sector so this doesn't surprise me. They have recgonized the Bitcoin potential and want to make the maximum out it. This will be good for both, Switzerland and Bitcoin users. So, it's very good news, waitnig for further development.

[megynacuna]

Switzerland's involvement in Bitcoin banking is a big plus as we are aware of what they can do interms of banking and it will be a great advantage to store up bitcoins over there and will be well protected but I'm cautioning likewise against money laundering and illegal usage of bitcoins so they must employ security precautions to stop those who might attempt to use it illegally.

[PacePay]

will we be able to make secret accounts with bitcoin, like the people that want to hide dirty money always do in the movies?

This period is over in Switzerland since years. You can't even open a bank account if you have nothing related to the country (citizenship, business,ect)
While they have good customer privacy policies they are very carefull with the fraud and where the money come from ect. Since the scandal with banks from others countries years ago

I think Switzerland do not compulsory require everything related to their country but if a person have a business they also are able to open a bank account in Switzerland as I have heard a number of politicians from different countries especially from the countries of third world are having their accounts in switzerland and are keeping their money in there without having anything related to switzerland but only their businesses.