US Clients of Swiss Banks May Turn to Bitcoin As Swiss Stop Accepting US Clients

US Clients of Swiss Banks May Turn to Bitcoin As Swiss Stop Accepting US Clients

Swiss banks have decided to turn down U.S citizens who want to open up offshore bank accounts in Switzerland. This is due to the U.S’s new foreign account regulations for banks to disclose the information of american accounts. This could be an opportunity for Americans to switch over to Bitcoin. Privacy concerns. According to Bloomberg, the U.S ambassador in Switzerland has sent numerous letters to Swiss bank executives on the challenges Americans already have when opening a bank account in an attempt to get Swiss banks to rethink their decision of not accepting American clients. Suzan....

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