Switzerland: How the World’s Densest Bitcoin ATM Network is Doing
One month after Switzerland’s national railway company SBB/CFF/FFS surprised everyone by allowing every single one of their ticket machines to sell bitcoin to anyone with a Swiss phone number, we followed up to see how it has been going for SBB and its customers. At the end of October, the Swiss rail service SBB released a statement that they were to....
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Cryptocurrency broker SBEX has announced a unique partnership with Canada-based bitcoin ATM manufacturer BitAccess to deploy a bitcoin ATM network in Switzerland (where SBEX is based). Earlier this year, the first permanent bitcoin ATM in the country was installed in a Geneva restaurant, garnering immense attention among bitcoin enthusiasts in the city. That same ATM was also showcased at the Geneva Internet Platform event held on United Nations property on several occasions. Now, a round of ten BitAccess ATMs have been shipped from Canada to Switzerland to enter operation. "This....
The Switzerland base of multinational services giant and one of the so-called “Big Four” accounting firms, Ernst & Young (EY), will become the first of its kind to accept bitcoin as payment for its services. Come January 2017, clients of EY Switzerland will be able to pay for the firm’s auditing and advisory services using bitcoin. The accounting giant claims to be the “first advisory firm to accept Bitcoins for its services,” in an announcement last week. The new payment method is a part of EY “digitizing itself”, the firm claimed, explaining its reason to accept the world’s most....
Bitcoin users do not have to pay value added tax (VAT) on bitcoin in Switzerland. The Swiss Tax Administration (ESTV) has announced there will be no VAT on bitcoin transactions, according to Bitcoin Association Switzerland. The news brings hope not only to bitcoin users in Switzerland, but worldwide. Switzerland has a global reputation for financial security. Bitcoin supporters want governments to view bitcoin as a method of payment, not as a delivery of goods or a service subject to a VAT. Bitcoin supporters have noted that it will be difficult for bitcoin to become an accepted currency....
The Switzerland financial authority has today given the green-light for the launch of a digital asset marketplace utilising DLT. The Swiss Financial Market Supervisory Authority, or FINMA, have today announced their approval for regulated Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology.Initially intent on launching in the latter half of 2019, regulatory hurdles slowed the exchange from progressing its ambitions. Although no specific date of launch was announced today, it is expected that after negotiating....