Swiss banks to open up for Crypto Business

[Mt Pelerin]

I don't think any bank is saying no to crypto companies - just the credit lines maybe. Unless they are trying to say they give bank accounts to decentralized unmanned blockchains.... true cryptos aren't even "companies" - which is what all the fuss is about. Decentralized currency running as a consensus on anonymous peers that cannot be controlled by a central authority.

Yes they do, because they are reluctant (and/or not geared) to deal with the specificity of KYC and AML related to such "crypto companies".

[hitrawal91]

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/

Swiss banks are really one of the big banking community from all over the world and if it is accepting the cryptocurrencies then it is really a great information for all of us. I am fearing about the black money holders in the Swiss banks from all over the world who can easily convert their black money into cryptocurrencies and use it for legal purposes. Everybody would like to be a part of this Swiss bank and enjoy the banking services with Cryptocurrency facilities and I think there is very less number of the banks to deal with Cryptocurrencies.

[cryptobae10]

I think this is a positive news for crypto
It improves the terms and proof that banks can accept crypto currency and can also bode well for general acceptability of tokens

[webblast78]

This is wat tokenpay choose swiss as center with efin and tokenswiss this will get so big in next coming months tokenpay is work on a mega overal platform fully decentrilized it product will be amazing

[Voidcrafter]

This is indeed the right decision on the part of the Swiss government. To attract large amounts of money to the country's economy, it is necessary to create favorable conditions for investors and creators of crypto startups. I hope that many countries will understand this important idea of cryptocurrencies and blockchain technology, that this is our future.

[Cryptoguru274]

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/

This latest financial policy arrangement of the Swiss banks is a welcome development for the Swiss community in particular and the entire cryptocurrency space in general. If well implemented will go a long way to help crypto startups raise funds for the various amazing projects they have in mind. Thanks for this wonderful information.

[@ophiuchuss13]

Switzerland is the country from which all financial management of the whole world is conducted and it is not surprising that they are the first  introduce a new system of monetary circulation, so that we can freely buy and sell in the future.

[Way2Paradise]

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/

these are news that i like to read. the first banks to accept crypto will surely attract many people. such things could serve as a future safe harbor for storing coins. there are enough people who do not want to store their coins on their pc or mobile phone. that would be a good alternative.

[daenarys_stormborn]

swizz is very well known in terms of his finances, and this is a very good news for the world of crypto, hopefully many other countries will follow the trail of swizz, because with this bank swizz is one step ahead

[Snaic]

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/

Very good news. Swiss banks have always been the benchmark of trust. If they begin to provide services in the crypto currency, this will greatly increase confidence in it. I think the example of Swiss banks will spread after this and not the banks of other countries. They also will not want to lag behind world progress.

[Bonwin]

More developments coming to the crypto space. This is progressive. Just lately, i have been receiving good news as regards the good disposition of some countries to crypto. Many are now embracing and becoming soft towards crypto.

[oho]

If it does, then a lot of money will flow into the crypto currency market! But often such news becomes a fake! Let's hope that not this time!

[BlasterS]

Swiss are one of the biggest international bank,
I think that is great when they open their door for accepting crytpto business which will lead a huge income and lots of people can be benefited from it.

[RakknRoll]

That is great that swiss banks will be open to have venture or partnership in cryptocurrency business;
from this they can be able to open more new doors for the benefit of the public towards to the success.

[CryptoCoinArbitrage]

I am not surprised. Switzerland always finds the way how to attract big money  as they are  a safe heaven for money from around the world. As they are already a Crypto friendly country , with new policy and access to bank services they will attract more and more ICOs in the future for sure.

[Olga_Vershunina]

The Swiss government and the Swiss banks are quite good at supporting the sphere of investment and technology. The Swiss banks will still play a big role in the sphere of crypto-currencies.

[ekechie]

This is another great news that could make the crypto market to jump even higher, this kind of news is what we want to be hearing about cryptos as more established institutions enters cryptos space the more the price will increase.

[el kaka22]

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.

It is really good to know and I am happy we are at least seeing some development as regards to adoption in some countries with this news even with all the downtrend still persisting. I am sure as time goes on; every other country globally will start using these smart countries with visionary leaders as a case study when they start seeing the boom in their economy.

It is a very good announcement, the days we have all always been looking forward to right from the start of this journey is actually getting close. I am expecting Swiss government to legalize bitcoin following Japan. We are going to have moon-touching rally of bitcoins in coming days.

[ityandsyn]

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/

      It's very nice to hear news like this for crypto industry and that is a good idea since cryptocurrency is legal to use in switzerland , and this helping crypto more valuable,and this causing price of bitcoin and altcoin growing up high.

[NewBet]

More and more will start to follow. They are right in their assessment, just because you do not accept the cryptos investors and business people to do business with your bank will not stop them from being involved in cryptos, they will just find another way to carry out their business which would mean the banks themselves are the ones losing money. Smart move on the banks part if you ask me.