Swiss banks to open up for Crypto Business

[tsaroz]

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

[Hopeman1]

Switzerland has always been a friendly country to cryptocurrency markets.
Many excellent projects come from Switzerland, which has better policies. I think the development of Swiss block chain will be excellent.

[bigcash2011]

That is good to know, so Switzerland wants to keep the crypto money at home as well, it will be great for overall crypto market and more countries will follow this by allowing crypto business however we should also keep in mind that crypto is basically borderless and decentralized and even restrictions do not have significant effect on them.

[beskid]

Find a bank that is ready to cooperate with a crypto-exchange or crypto-exchanger, often becomes a non-trivial task.  Market participants migrate from country to country, not so much in search of better conditions, as in looking for banks or payment systems ready to work with them in principle. Until now, Swiss start-ups had to cooperate with foreign banks - with all the wealth of choice and the degree of development of the banking services market  , in Switzerland there were no banks ready to communicate with crypto-currencies. This news will significantly strengthen the position of crypto currencies in Switzerland.

[Currencyguide]

It's good to know that Switzerland is ready to do business with cryptocurrency and they want to keep their money to in their own country. hopefully cryptocurrency will see more progress in the upcoming future we just have to wait for the right time.

[dukemc]

Switzerland make good progress in the crypto world they have done things right in the past and will do things right in the future

[Nivelir]

It is very pleasant to hear such news, because when talking about the fact that in many countries they are very negative about crypto-currencies, many people do not understand how they treat crypto-currencies in general. I am very glad to see news about Uzbekistan, which took up work on the blockchain

[Phil2018]

Very interesting news. I believe that it is positive movement towards crypto industry. Switzerland is a crypto friendly country and many good project also came from this country. I think it is a very good decision taken by Swiss bank.

[criptoman83]

Very smart decision. It's much more far-sighted than our state policy, which prefers to put the sticks in the wheels. The headquarters of the coolest projects , including Ethereum, are located in Switzerland. and many others. Due to its forward-thinking solutions, not only in the field of crypto-currencies and blockchain, Switzerland is one of the most prosperous and financially stable States.

[voteformeg]

i think it is very good news to dhare but it is just the start , more and more country's going to understand the importance off crypto and it's technology , the better times are coming for crypto

[batang_bitcoin]

Switzerland as always doesn't want to be left behind when it comes to adoption and technology. Since last years they have been supportive to cryptocurrency.

Very interesting news. I believe that it is positive movement towards crypto industry. Switzerland is a crypto friendly country and many good project also came from this country. I think it is a very good decision taken by Swiss bank.

Yes this is a very interesting news and for the adoption of cryptocurrency worldwide. Switzerland is a country that's being looked up by others so with their initiative, nearby countries can also do the same thing if they see opportunities within it.

[jamesbtcearn]

The participation of the Swiss bank is indeed a very good news for the people in the crypto currency market. The Swiss has always been lenient when it came towards the crypto currency market and their aid will provide a great help for the market along with the investors in the market.

[X-ray]

Switzerland as always doesn't want to be left behind when it comes to adoption and technology. Since last years they have been supportive to cryptocurrency.

Very interesting news. I believe that it is positive movement towards crypto industry. Switzerland is a crypto friendly country and many good project also came from this country. I think it is a very good decision taken by Swiss bank.

Yes this is a very interesting news and for the adoption of cryptocurrency worldwide. Switzerland is a country that's being looked up by others so with their initiative, nearby countries can also do the same thing if they see opportunities within it.

And malta has done the same thing like what swiss has already done. But i guess that will act just like escrow or online wallet for our crypto. But these days the majority of canadian countries are supporting crypto currency. I'm glad to see the more countries consider crypto as a serious thing.

[Gaaara]

They're expecting that cryptos will start to dominate again after that struggle, I think that they actually been planning this all along but they have to wait until the worst downfall to recover. Now that the adaptation has started again we're looking at the market with a great potential again we should cheer up and see that this is another step of regaining the cryptocurrencies market confidence.

[3kpk3]

This is good news. Switzerland adopting cryptocurrencies is not surprising in my opinion since I never heard of them outright banning cryptocurrencies in the past. More and more countries adopting crypto is a great sign and it proves that the cryptocurrency market is here to stay no matter how the coins and tokens perform. Lets see if this piece of good news will help the ongoing mini rally persist even further.

[supermine]

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

I don't understand in what way the banks will support crypto currencies but still it is a positive news that can help the people to regain the trust which lost on the recent price crashes.For the few days the prices were climbing up so more and more positive news needed for now.But crypto is against banks of they support crypto they are digging the crave for themselves.

[dpa85]

This is good news for all crypto space. The more countries I support crypto, the more chances for growth.

[bartolo]

Swiss policy makers are on the conclusion that restricting crypto startups and business have shifted those business into more crypto friendly places like Singapore, Malta and Gibraltar. Now they don't want to miss it anymore. The Swiss banks are expected to be ruled to accept crypto businesses by the end of the year.

https://news.bitcoin.com/switzerland-considers-granting-crypto-businesses-access-to-banking-services/

Where do these restrictions come from, from the government or from the banks themselves? It's surprising that this thing happens in a country like Switzerland. At least they have realized the error and are rectifying. In this globalized world, talent always seeks the most friendly place to develop, if you bet on a sector you have to do it well.

[rabia_laskor]

Great news. Switzerland had always been a crypto friendly country and now swiss bank opening up for crypto is even a better news. Happy to hear that.

[TheRiddingCoin5]

If this happens, I think crypto will also gain a measure of acceptability and credibility which will only help it's growth and of course prices to the moon