Is Switzerland a cryptocurrency heaven?

[vikkyzenna]

Is Switzerland a cryptocurrency heaven?
The Swiss have embraced innovation of digital money and cleared its path to cut into volatile central bank controlled fiat currency markets, while also reducing fees and improving security on the technology.Looks like a heaven for cryptocurrencies.

[Mandoy]

Is Switzerland a cryptocurrency heaven?
The Swiss have embraced innovation of digital money and cleared its path to cut into volatile central bank controlled fiat currency markets, while also reducing fees and improving security on the technology.Looks like a heaven for cryptocurrencies.

We can say that Switzerland is on the path towards the thing that we called cryptocurrency haven. There are some obstacles that Swtizerland needs to overcome and that is the wide and mass acceptance and adoption of cryptocurrency in the area. Even if the government allows its use but if people does not patronize it then it will not still prosper. Let us all remember that a currency becomes valuable because people have embraced it and supported it. The same thing with cryptocurrency it the majority of Switzerlands population will begin to start and use cryptocurrency then we can say that Switzerland is truly a haven for cryptocurrency.

[EXtremeAEX]

I guess they can become one of the pioneer countries that adopt Bitcoin, yeah! It's a good thing that a country is openly accepting towards Bitcoin, and perhaps they can set the example for other countries to follow. I hope Bitcoin becomes mainstream one day and widely accepted globally, but I'm not so sure of the consequences (the good and bad).

It may allow a major hacking of Bitcoin wallets (online maybe) or an attack on exchange sites/cryptobank as criminal activity is moving towards technology nowadays. Still, this is the first step for world domination! ^_^

[Red-Apple]

Switzerland is the first bitcoin haven that embraced bitcoin fully and on a rather big scale. when everyone were ignoring bitcoin they started adding bitcoin ATMs everywhere and their ticket kiosks are even selling bitcoin alongside train tickets

now there are more countries in the category which are embracing bitcoin and becoming a safe haven. like Japan for example.

[Makka]

I would rather look at the specifics. Do hotels in Switzerland accept bitcoin as payment? Do their stores, malls, markets, schools, restaurants, and so on accept bitcoin in their transactions? Because even if the government accepts bitcoin as a legal payment system, if there are so few establishments that accept bitcoin then that might not count as really a cryptocurrency haven.

[niisarearning]

Its good swiss bank famously knowing for holding the foreign funds very secure and giving private key access . Now they are entering crypto currency it should be good news . Hope all swiss bank fund will be converted to crypto 

[hv_]

Nextdoor Germany for broadcast for the Kids

http://www.daserste.de/unterhaltung/krimi/tatort/videos/tatort-borowski-und-das-dunkle-netz-darknet-bitcoins-armin-maiwald-100.html?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BxeP%2B8jXUQoul2CDEX0NhAw%3D%3D

[chixka000]

Is Switzerland a cryptocurrency heaven?
The Swiss have embraced innovation of digital money and cleared its path to cut into volatile central bank controlled fiat currency markets, while also reducing fees and improving security on the technology.Looks like a heaven for cryptocurrencies.

It is still to early to say that swiss is a crypto currency heaven. Even if they have adopted it more then anyone they are not innovating that much to improve their economy tho you are right that in terms of security they are moving towards the fop

[psycodad]

Public acceptance in Switzerland seems higher than elsewhere. While you still can't live from Bitcoin (paying for all commodities etc), you can buy a lot of stuff with it and the number of shops and services accepting cryptos keeps growing on a daily base.

The high tx-fees slowed acceptance of BTC specifically recently, but it looks like this is going to be less of a problem in the future and a lot of shops are starting to accept LTC too which doesn't suffer from these problems.

The Swiss government seems to think that Cryptos are going to be a good gap filler and tax creator in spite of the dwindling conventional banking business.
In short, Switzerlands probably wants to be a cryptocurrency haven and it makes some progress but IMHO is still far away from being it.

[jtipt]

Switzerland is the first bitcoin haven that embraced bitcoin fully and on a rather big scale. when everyone were ignoring bitcoin they started adding bitcoin ATMs everywhere and their ticket kiosks are even selling bitcoin alongside train tickets

now there are more countries in the category which are embracing bitcoin and becoming a safe haven. like Japan for example.

Well not everyone is ignoring BTC and other cryptos, as you said Japan is on the correct path and embracing bitcoin. And now there is also India which is also trying to legalize BTC, from what I know the verdict about this legalization is going to come on 12th July.

[Ayers]

I would rather look at the specifics. Do hotels in Switzerland accept bitcoin as payment? Do their stores, malls, markets, schools, restaurants, and so on accept bitcoin in their transactions? Because even if the government accepts bitcoin as a legal payment system, if there are so few establishments that accept bitcoin then that might not count as really a cryptocurrency haven.

no they don't have all this regulation there, few store like many other country, they don't have massive usage at the moment, but switzerland is known for having very few restriction about money in general, so you are safe with big amount of money and bitcoin there

[allthingsluxury]

It is not there yet, but they are on their way. Switzerland has always been renowned for their suaveness with money.

[btc_angela]

Its good swiss bank famously knowing for holding the foreign funds very secure and giving private key access . Now they are entering crypto currency it should be good news . Hope all swiss bank fund will be converted to crypto 

Yes, Switzerland has already opens its door to crypto-currency. Its going to be a safe haven for a lot of investors. We all know that it has already established themselves as the top banking system in the world and it has a lot of clients. But with embracing crypto's, a lot of cash will be flowing to the bitcoin ecosystem again which is a good news for all of us.

[Ucy]

Switzerland is the first bitcoin haven that embraced bitcoin fully and on a rather big scale. when everyone were ignoring bitcoin they started adding bitcoin ATMs everywhere and their ticket kiosks are even selling bitcoin alongside train tickets

now there are more countries in the category which are embracing bitcoin and becoming a safe haven. like Japan for example.

This is wonderful stuff! No wonder it's one of the very few countries with high gdp and great quality of life.  Wonder what other government to hide. It seems the more the dictatorship the more likely they fear things like Cryptocurrencies.

[stompix]

Switzerland is the first bitcoin haven that embraced bitcoin fully and on a rather big scale. when everyone were ignoring bitcoin they started adding bitcoin ATMs everywhere and their ticket kiosks are even selling bitcoin alongside train tickets

now there are more countries in the category which are embracing bitcoin and becoming a safe haven. like Japan for example.

Atms everywhere?
There are 19 damns ATMs in the entire country.
And while you are able to get btc from those kiosk you can't pay your train ticket with BTC

Honestly have you ever been to Switzerland?

[xFiber]

Switzerland is the first bitcoin haven that embraced bitcoin fully and on a rather big scale. when everyone were ignoring bitcoin they started adding bitcoin ATMs everywhere and their ticket kiosks are even selling bitcoin alongside train tickets

now there are more countries in the category which are embracing bitcoin and becoming a safe haven. like Japan for example.

Atms everywhere?
There are 19 damns ATMs in the entire country.
And while you are able to get btc from those kiosk you can't pay your train ticket with BTC

Honestly have you ever been to Switzerland?

Still better than the 2 ATMs in my country. And you have to take into account that Switzerland isn't too big either. Not quite the crypto haven yet but Switzerland certainly has the potential to get there in the future. Got me very excited for sure!

[hv_]

Switzerland is the first bitcoin haven that embraced bitcoin fully and on a rather big scale. when everyone were ignoring bitcoin they started adding bitcoin ATMs everywhere and their ticket kiosks are even selling bitcoin alongside train tickets

now there are more countries in the category which are embracing bitcoin and becoming a safe haven. like Japan for example.

Atms everywhere?
There are 19 damns ATMs in the entire country.
And while you are able to get btc from those kiosk you can't pay your train ticket with BTC

Honestly have you ever been to Switzerland?

I'm close by and bought little from the SBB ticket ATMs. But you can only buy - not use them there..... but that's VERY FINE for me!

[stompix]

I'm close by and bought little from the SBB ticket ATMs. But you can only buy - not use them there..... but that's VERY FINE for me!

So it is fine with you that they are selling you the overpriced bitcoins but when you try to actually use them they say they don't want them?
When I realized that I said FY ( SBB) and your kiosk and your trains and your ~80 euros for a ticket from Basel to Zurich.

[hv_]

Swiss private bank Falcon:

http://www.finews.ch/news/banken/28131-falcon-bitcoin-bitcoin-suisse-nikolajsen-krypto

[~Bitcoin~]

Is Switzerland a cryptocurrency heaven?
The Swiss have embraced innovation of digital money and cleared its path to cut into volatile central bank controlled fiat currency markets, while also reducing fees and improving security on the technology.Looks like a heaven for cryptocurrencies.

Till this point we can only say atleast switzerland have acknowledged the potential of bitcoin but to get wider adoption more merchants have to start accepting bitcoin as payment method.

I will be happy to live in a country where I can buy even a packet of milk for my coffee every morning from near by shop with bitcoin.