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Bitcoin firm gets approval to operate in Switzerland

122 pointsby richardboegliover 8 years ago

4 comments

s3nnyyover 8 years ago
In Switzerland you can buy train tickets with bitcoin (<a href="http:&#x2F;&#x2F;www.sbb.ch&#x2F;en&#x2F;station-services&#x2F;services&#x2F;further-services&#x2F;bitcoin.marketingurl_$$$en$$$bitcoin.html" rel="nofollow">http:&#x2F;&#x2F;www.sbb.ch&#x2F;en&#x2F;station-services&#x2F;services&#x2F;further-servi...</a>) and pay for government services with bitcoin (<a href="http:&#x2F;&#x2F;www.swissinfo.ch&#x2F;eng&#x2F;business&#x2F;crypto-valley_zug-first-to-accept-bitcoin-for-government-services&#x2F;42143908" rel="nofollow">http:&#x2F;&#x2F;www.swissinfo.ch&#x2F;eng&#x2F;business&#x2F;crypto-valley_zug-first...</a>).<p>Also, many fintech startups a hiring engineers like crazy.<p>(I live in Zurich and I am a well-connected programmer. If you are thinking to get a coding job here, feel free to contact me. You find my email address in my HN profile or here: <a href="https:&#x2F;&#x2F;medium.com&#x2F;@iwaninzurich&#x2F;eight-reasons-why-i-moved-to-switzerland-to-work-in-it-c7ac18af4f90" rel="nofollow">https:&#x2F;&#x2F;medium.com&#x2F;@iwaninzurich&#x2F;eight-reasons-why-i-moved-t...</a>)
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m_muellerover 8 years ago
Switzerland&#x27;s financial industry is really in need to reinvent itself (due to the banking secrecy being effectively gone). Not that I have much knowledge of the bitcoin economy, but offering services around this in a legally stable and trusted country seems to be a good idea. Swiss traditionally have a strong distrust in centralized authority (for &gt;500 years it was a very decentrally organised alliance of &#x27;city&#x27; states). I could even see replacing the Swiss Frank with a digital currency in the long run. In the digital age, giving much power back to localized states seems more and more compelling to me. Don&#x27;t like health insurance system in city A? Hey their neighbouring town has you covered.
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richardboegliover 8 years ago
Xapo&#x27;s blog post (who are the firm referenced by Reuters) about it: <a href="https:&#x2F;&#x2F;blog.xapo.com&#x2F;xapo-regulatory-status-in-switzerland&#x2F;" rel="nofollow">https:&#x2F;&#x2F;blog.xapo.com&#x2F;xapo-regulatory-status-in-switzerland&#x2F;</a>
_andromeda_over 8 years ago
W00t! W00t! Can&#x27;t help but admire the Swiss. Their embracing of capitalism and the closest thing to laissez-faire should be emulated by all.