News From Switzerland

[AngelSky]

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.

This is the country where international politicians are been dump their all black money bank. Now it becomes much safer for them. If the move to put their money into bitcoin and the concern BTC address leaked. That's it. They will be locked easily.
I would expect the bitcoin bank should come to non-developed countries where the corruption is more. Sure bitcoin will you to avoid corruption.

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[eternalgloom]

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?

The benefit you get from using a bank is that it's regulated and possible to use for your businesses.
Also, wouldn't it be possible to have some sort of an insurance on those Bitcoins? That alone would be a very good reason for people to invest in Bitcoin via those banks.

[bartolo]

Surely many people would use a bitcoin bank but they would do it more by the habit than by something else. In fact bitcoin makes it possible for you to be your own bank and you don´t need to deposit your money into a bank. It can also facilitate payments, make them faster and be you who handles your money and not another entity. Surely the bitcoin bank would seek the way to attract users, probably through deposits with monthly interests for users or with similar products.

[Silberman]

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.

But those that use bitcoin as a store of value are using bitcoin in a way similar to gold, what is the point of having a bunch of gold inside the safe of a bank where you cannot access it at will?, putting your bitcoin in a bitcoin bank does not make sense since it will be better to have your bitcoin in your wallet.

[Dimelord]

Switzerland has always been a heaven for people having black money.Bitcoin is also psuedo anonymous and is used by big whales to invest their black money to escape from governments.I think that switzerland would have been the pioneer in adopting bitcoins.They are already late when compared to other countries.But definitely,it will help for more progress of bitcoin.

[modsrocky]

Switzerland is the best place for bitcoins. we can buy bitcoins everywhere! we have in every single city and villages bitcoin atms. but you can only buy, not sell

[davis196]

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.   

Will help bitcoin?With what?
I don`t think that there`s going to be any "promotion" of bitcoin.
The whole idea of a cryptobank is dead,because cryptobanks can`t give loans and can`t invest.

[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.

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.

that doesn't still explain wanting a bank!
bitcoin is not like fiat or gold that you need some "space" to store it and be risky to keep at home for example! you can literary save bitcoin on a piece of paper which has something like a poem on it
"constant forest adore false green weave stop guy fur freeze giggle clock" write something containing these words and it can hold millions of dollars inside without anybody knowing.

[fathur.aza]

If you want to make a secret account bitcoin that must have its results stored in swiss banks more secure.

[fanita]

I do not want to deal with the bank but there is a good money store

[giveen]

That's a good news for the future of the coin. Even though there is a very less chance that Switzerland is going to adopt it but in terms of popularity we can get more investors. Amd eventually we can accept a pretty good increase in it price soon.

[stompix]

Switzerland has always been a heaven for people having black money.Bitcoin is also psuedo anonymous and is used by big whales to invest their black money to escape from governments.I think that switzerland would have been the pioneer in adopting bitcoins.They are already late when compared to other countries.But definitely,it will help for more progress of bitcoin.

They have been... a long time ago.
Things have changed quite a lot in the last decade.

Take a look on how people are running to small nations, so called "tax heavens" , things like Panama Papers.
Switzerland has already signed a few agreements on turning data to foreign nations so, the Swiss banking secret is going to be a thing of the past.

[gredisgold88]

Swiss is country for safe money, many bank Swiss have a high quality and now swis accept bitcoin for transaction , is a positive signal . It is very good for bitcoin prices, the public began to receive bitcoin as a means of exchange, proving that indeed cryptocurrency will shift some currency .

[bartolo]

Switzerland has always been a heaven for people having black money.Bitcoin is also psuedo anonymous and is used by big whales to invest their black money to escape from governments.I think that switzerland would have been the pioneer in adopting bitcoins.They are already late when compared to other countries.But definitely,it will help for more progress of bitcoin.

They have been... a long time ago.
Things have changed quite a lot in the last decade.

Take a look on how people are running to small nations, so called "tax heavens" , things like Panama Papers.
Switzerland has already signed a few agreements on turning data to foreign nations so, the Swiss banking secret is going to be a thing of the past.

Switzerland was affected by the publication of the Falciani List with 130000 potential tax evators who had accounts at the HSBC bank.

[beerlover]

That's a good news for the future of the coin. Even though there is a very less chance that Switzerland is going to adopt it but in terms of popularity we can get more investors. Amd eventually we can accept a pretty good increase in it price soon.

The most important thing when it comes to developing a product is the people because developers want have a reason to develop their product if there are no people to use it, and that applies exactly to bitcoin, if bitcoin has people using it and believe in in it and wanting to use it, than investors and developers will have a reason to work and make things that people will use their coins on.

[freedomno1]

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/

Sigh we will need a Bitcoin Bank in order to use the Fiat system as a mechanism to convert currency for Bitcoin exchanges and services.
If a bank doesn't want to touch a Bitcoin company or Blockchain one we need an organization that will handle their cash for them so we can grow the economy of Bitcoin.
Sort of like a tethering mechanism in case banks provide more finance restricting issues.
If someone starts a Bitcoin business from scratch they still need finance options to grow their companies.

[RAAAMA]

Well, I knew swissbank are the ones handling the BIG goods of Big People around the world. And with this mindset, the government is more willing to take part of the new era of crypto curency. Good luck Switzerland.

[cryptocurrencyguru]

after japan swiss is far more ahead of cryptocurrency adopting in banking sector this is an eye-opener for many countries

[domasal]

The point of bitcoin is to be your own bank! However, i guess for some people that do not have the know-how it is best to store it elsewhere and not in an exchange. Switzerland is the best place for a bank so why not

[Gdra467]

This is good news. Switzerland's stance on cryptocurrencies is getting clearer by the day. This could have a major impact in the future of crypto and even an immediate impact on this bearish market. These news should circulate more than the bad ones.