30 Oct '16, 12am

Largest Swiss railway company turns 1000+ ticket machines into bitcoin ATMs

The national railway company of Switzerland, Swiss Federal Railways (SBB), recently announced a new service. Starting on November 11, Swiss customers will be able to buy bitcoins from over 1000 SBB ticket machines. Switzerland has long been a bitcoin-friendly country . In April, the Swiss Federal Tax Administration (FTA) made a decision exempting bitcoin from Value Added Tax (VAT), after three bitcoin organizations asked for clarification in 2014. “This is the most reasonable way to classify Bitcoins in the context of VAT,” said Luzius Meisser, President of Bitcoin Association Switzerland. “Bitcoin is a currency, and thus should also be treated like a currency.” “Until now, there have only been limited opportunities to purchase Bitcoin in Switzerland.” - Swiss Federal Railways The European Commission on rail services states that Switzerland has a dense rail network with a ...

Full article: http://bravenewcoin.com/news/largest-swiss-railway-compan...

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