09 Dec '13, 6pm

Swiss parliamentary postulate: Bitcoin is a currency

Bitcoin just got a big credibility boost: 45 members of the Swiss parliament signed a postulate asking for Bitcoin to legally be treated as foreign currency like the Euro or the Dollar. Summary The postulate demands to evaluate the opportunities of Bitcoin for the Swiss finance sector. It also states that Bitcoins raises a number legal questions and that the simplest way to answer them would be to clarify that Bitcoins should be treated like other foreign currencies. The goal is to clarify in a simple and straight-forward way how various laws such as the GWG (money laundering act), the MWSt (VAT act), or the KAG (securities act) are to be applied to Bitcoin. This not only paves the way for Bitcoin businesses and financial services in Switzerland, it is also a great precedent for other countries that look into how Bitcoin should be handled from a regulatory perspective. Wha...

Full article: https://bitcointalk.org/index.php?topic=364555.0

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