The Swiss Tradition Is A Perfect Match For Bitcoin
A long tradition of financial discretion makes Switzerland the perfect place to store one’s private keys in a way that will be fully protected. (Source) The dome of the Swiss Federal Palace with the coats of arms of the cantons. Fynn Kreuz is the CEO of the Swiss Bitcoin company, Numbrs.IndependenceIn 1291, three regions of the Holy Roman Empire seceded and swore an oath that founded the Swiss Confederacy. This movement, born out of a longing for freedom and independence, began when the mythical national hero, William Tell, challenged a tyrannical bailiff called Albrecht Gessler.Over 700....
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A group of Swiss Bitcoin advocates led by Yves Bennaïm has initiated a referendum to amend the Swiss constitution in a way that would mandate the Swiss National Bank (SNB) to include BTC alongside gold in its currency reserves, as reported by local media. The proposed amendment to the Swiss constitution is succinct yet significant. […]
In early December there was a mention of members in the Swiss Parliament wanting to treat bitcoin as a foreign currency. In that article, we wrote, "Forty-five members of the Swiss parliament have agreed to sign a postulate that considers bitcoin a foreign currency." Now, the Swiss Parliament is gearing up to vote on proposals that treat the digital currency as such. According to Finextra, "If approved by Parliament, the questions will be posed to the Swiss executive arm of government, the Federal Council for judgment." Approval from high office could set an example to other governments,....
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Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday. Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and […]
The Swiss Gold Referendum and the "Save Our Swiss Gold" movement that would have forced the Swiss National Bank (SNB) to hold at least 20% of its balance sheet in gold has been definitively defeated. Earlier today, Switzerland's populace spread across 26 different cantons voted on several referendums and soundly defeated two that have made headlines around the world. Experts have been expecting a defeat on the Swiss Gold Reserves referendum for many weeks now as support dwindled even prior to voting day. In the end, 77% of participating Swiss voters decided against forcing their national....