09 Dec '13, 6pm

Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency

Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency

The Swiss Parliament is considering a postulate that asks for bitcoin to be treated as any other foreign currency. The goal of the postulate, introduced by representative Thomas Weibel, is to eliminate ambiguities and increase legal certainty related to bitcoin. If it is approved by parliament, it will be submitted before the Federal Council, Switzerland’s principal executive institution. If the Federal Council agrees that bitcoin should be treated like other foreign currencies, it will also evaluate how to implement the postulate. In addition, the executive was asked to examine the potential bitcoin-related opportunities for the Swiss financial sector. The postulate petitions the executive branch to reply to four basic questions: whether or not bitcoin represents an opportunity for the financial sector, should bitcoin be treated as a foreign currency, what regulatory inst...

Full article: http://www.coindesk.com/swiss-lawmakers-bitcoin-foreign-c...

Tweets

Swiss parliamentary postulate: Bitcoin is a cur...

bitcointalk.org 09 Dec '13, 6pm

Bitcoin just got a big credibility boost: 45 members of the Swiss parliament signed a postulate asking for Bitcoin to lega...

Korea becomes the latest Asian country to rejec...

thenextweb.com 10 Dec '13, 5pm

Korea has become the latest country in Asia to reject Bitcoin and other virtual currencies as legitimate forms of currency...

CheapAir accepts Bitcoin

CheapAir accepts Bitcoin

cheapair.com 09 Dec '13, 7pm

We are excited to announce that we’re the first online travel agency in the world to accept Bitcoin, an entirely digital c...

Korea becomes the latest Asian country to rejec...

thenextweb.com 10 Dec '13, 5pm

Korea has become the latest country in Asia to reject Bitcoin and other virtual currencies as legitimate forms of currency...

Europe's Fit Over Bitcoin: Virtual currency doe...

business.time.com 13 Dec '13, 4pm

Each currency is the vehicle of each respective country's agenda. The dollar is the ambassador for the US. It is the tool ...

PayPal president on Bitcoin: 'I don't think it is a currency' by

PayPal president on Bitcoin: 'I don't think it ...

venturebeat.com 10 Dec '13, 7pm

PayPal president David Marcus thinks people are mistaken thinking Bitcoin is a currency. Marcus spoke at LeWeb in Paris to...

Why Bitcoin is a significant breakthrough (but ...

dpk.io 19 Dec '13, 7pm

The development of Bitcoin is historically important because it solved a problem of computer science that had previously b...

Chasing Bitcoin: Is JPM Preparing To Unveil Its...

zerohedge.com 10 Dec '13, 4pm

But there is a growing amount of evidence that the decentralized nature of the internet is a threat to them and any others...

The future of Bitcoin: super currency or super fad?

The future of Bitcoin: super currency or super ...

usatoday.com 11 Dec '13, 2am

Bitcoin is growing in popularity, but there is still considerable debate about where the currency will find its niche Soft...

Bitcoin convention brings out hope for digital currency's future

Bitcoin convention brings out hope for digital ...

usatoday.com 11 Dec '13, 9pm

The cyber currency known as Bitcoin has piqued the interest of many savvy business people Gabriel Scheare uses the world's...

Bitcoin Prices Plunge After China Cracks Down o...

mashable.com 08 Dec '13, 11pm

The price of bitcoin surged to $1,000 last month , but it dipped far below that mark just as quickly. Baidu, China's large...

Bitcoin Prices Plunge After China Cracks Down o...

mashable.com 08 Dec '13, 6pm

The price of bitcoin surged to $1,000 last month , but it dipped far below that mark just as quickly. Baidu, China's large...

Bitcoin should not be seen as a currency, warns...

theguardian.com 11 Dec '13, 3pm

Bitcoin does not need to replace normal currency in order to have a future, according to an expert on digital currencies f...

JPMorgan files patent for 'bitcoin killer' curr...

telegraph.co.uk 11 Dec '13, 3pm

It also promises to lower the cost of doing business online for the merchant, slashing the fees that are currently charged...