Post
Topic
Board Bitcoin Discussion
Re: Is Switzerland a cryptocurrency heaven?
by
Schlaumeier
on 28/08/2017, 19:47:32 UTC
Switzerland is part of EU.

With such a statement you are definitely not going to make friends in Switzerland  Grin The situation is as the above poster mentioned  Kiss

As a Swiss citizen I would say that the general environment in Switzerland is beneficial for cryptocurrencies. But I wouldn't say yet that Switzerland is a cryptocurrency heaven (e.g. compared with Japan).

But it's true in most train stations you are able to buy bitcoin (but not able to sell it). To be honest that sounds actually better than it really is. Conditions are bad compared with an online market place. Last time I checked there were fees that are significantly higher like e.g. on Kraken. You can't buy a train ticket with it.

Also the online stock broker Swissquote added Bitcoin support. However, you can only trade it against fiat currencies (only USD or EUR). There is no "wallet function" which means that cryptocurrencies can't be transferred out and you can't buy goods from such purchases. However they plan to add some other crypto's.

The Falcon private bank is way more interesting because it is opening the door for high net worth individuals to invest in cryptos.

There is also the city of Zug with it's adminstration accepting BTC as payment. But this is only until the equivalent of 200 CHF. Anyway a good start and for sure a markting coup.

All in all not really much flesh on the bone yet...