News From Switzerland

[Arvydas77]

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/

It is far from crypto bank but I think it is a positive step towards a legal recognition. It seems that political and economic climate in Swiss is positive towards Bitcoin acceptance. If I'm not wrong you can pay bills with Bitcoin in some of Swiss municipalities? We'll see what happens next, as it is stated in the article that:

 

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The approval isn’t final, however, as Xapo said the regulator wants to see it join a self-regulatory organization (SRO), among other steps.

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[CyberKuro]

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/

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.

I have seen a lot of news regarding bitcoin planning to expand, accepted, etc. What we need about the implementation, not just some plans which I know are not easy to get it done.

I didn't see about "accept bitcoin", it's about : "Bitcoin wallet company Xapo announced today that it has received an early nod of approval from a key Swiss regulator. ~ that it has been given “conditional approval” from the Swiss Financial Market Supervisory Authority (FINMA) to do business in the European country. to do business in the European. Moreover, it's just conditional approval.

[Pab]

I have posted previously article about bitcoin in Switzerland.Switzerland companys have got permision from SNB to invest in bitcoin,blockchain start ups.Swizterland will be now biggest European bitcoin blockchain hube
Best is that there are some chances that SNB will accept bitcoin.Already there is possible to pay with btc in some cantons.I will try to find that old article and i will add here

[sportis]

Personally I am not surprised with the attitude that keeps Switzerland in bitcoin. Just think that there is a small municipality in the town Zug where the residents can pay from July 2016 for public services with bitcoin until the corresponding 200 Swiss francs. https://www.engadget.com/2016/05/08/swiss-town-accepts-bitcoin/. Moreover many growing bitcoin or blockchain start-ups they want to establish their businesses in Switzerland. It is not accidental that an area of 30 kilometers from Zurich to Zug is called crypto valley like as the Silicon Valley in California.

[rajasumi3]

Cryptobank ? well i guess bitcoin was made to eradicate the idea of bitcoin .on the other hand switzerland is giving permission for creating a crypto bank .well i dont think it wont be any new ,because all the rich people save their money in here in swiss , on the other hand with the advancement of crypto currency , there will always the increase of black money kept in the crypto bank.

[Xester]

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/

Let us not say that in advance not until that bitcoin bank has already been established. The articles stated that XAPO could not operate in other European countries does not mean that the next step is a cryptobank, it has no direct connection. Given the situation of cryptocurrencies today establishing a bitcoin bank or a cryptobank is very unrealistic but in the far future it could be possible.

[grermezter]

The international governments are going to stop this from happening, a crypto currency bank Ian bad news for the economy and will be used for money laundering and a whole lots of other criminal enterprises, let's see how the game respond to this.

[aTriz]

Im very happy that some people really want to implement some cryptocurrency as a regular payment method, that is something we need to see all over the world now.
It may lead us to more and more countries accepting bitcoin, and maybe even more merchants will adopt it as another option to make a payment for their products.

I dont like anyway the idea that the Ticincoin will be available only in Ticino, that make it useless for the most of the cryptocurrency community.
On the other hand, I can understand that rule, because they don't want to see someone making speculations on this token, which might turn out as a better option for them.

[omonuyak]

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

The problem with bitcoinist is that their want bitcoin to be forever be anonymous or like secret account. If bitcoin or crytocurrencies ideal should be adopted worldwide then transactions must be transparent and all information about owner of bitcoin should be revealed to governments regulations bodies.

[stompix]

Oh god!!!

Right now I see people cheering for a bank.
Really great!

In two years banks will be good, after a decade all the forum will agree that is better to leave the mining and all the nodes to the government because they are the ones who should do these things.

Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.

[BitFinnese]

Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.

Well, I read that Bitcoin does not reside in our personal wallet,  the only thing we have in our wallet is the access key (private key) to that Bitcoin Address that holds our Bitcoin.  


I also do not agree with Bitcoin Bank, it simply defeat the purpose of Bitcoin, and the reason why Bitcoin was created, to stay away from centralized form of governance and yet people are into this kind of system, funny isn't it?  Creating central authority within decentralized system, how ironic  

[Forester618]

Oh god!!!

Right now I see people cheering for a bank.
Really great!

In two years banks will be good, after a decade all the forum will agree that is better to leave the mining and all the nodes to the government because they are the ones who should do these things.

Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.

I do not trust any banks and therefore it doesn't concern me, but the fact that the establishment of such a Bank is another step towards legalizing bitcoin is a good thing. To use the services of the Bank or not it already everyone decides for himself.

[stompix]

Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.

Well, I read that Bitcoin does not reside in our personal wallet,  the only thing we have in our wallet is the access key (private key) to that Bitcoin Address that holds our Bitcoin.  

tomato, tomato , potato

You wallet has a set of private keys when you and only you are in possession of those keys it means you're controlling all the bitcoins that are currently in those addresses.

If I would go your way you really don't have a wallet on your computer, you have a set of numbers that only read by an bitcoin client become private keys.

[Silberman]

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/

Those people in Switzerland know something good when they see it, they know that bitcoin is going to be a very strong currency in the future and they are putting the seeds to create a bank for something that is becoming an international success.

[pooya87]

as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

[20kevin20]

as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

[Zimtente]

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

then why not just use monero?

[stompix]

as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?

[Seansky]

as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?

Hahaha maybe you will lose your anonymity this way but for investors as well as speculators this is a positive sign since having a crypto currency bank I think will make bigger companies trust crypto currencies making them invest in it. It will add a great deal of demand in bitcoin as well as altcoins which means there will be more price movements and transaction volumes in the crypto world. If anonymity is what you want then just don't use crypto bank.

[signature200]

as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?

Hahaha maybe you will lose your anonymity this way but for investors as well as speculators this is a positive sign since having a crypto currency bank I think will make bigger companies trust crypto currencies making them invest in it. It will add a great deal of demand in bitcoin as well as altcoins which means there will be more price movements and transaction volumes in the crypto world. If anonymity is what you want then just don't use crypto bank.

Why do you think that anonymity does not interest anyone. Can demand any cryptocurrency supported thanks to anonymity? Currency speculators don't want to be found.