Switzerland: No Bitcoin Law Now or in Near Future
While Canada and California are tackling Bitcoin legislation head on, the Swiss Federal Council has announced its move to the contrary: no law on digital currencies. The Council’s report published today contains an in-depth review of the status of virtual currencies including Bitcoin, both within Switzerland and internationally. Rather than following suit after Canada’s announcement last week of the world’s first national Bitcoin law, however, it was recommended to hold off on passing any form of official ruling. An official press release states: “Given that virtual currencies are a....
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