Lawmakers in Switzerland will soon vote on a proposal submitted to the Swiss Parliament that would decide whether bitcoin would be treated as a foreign currency, Finextra reported on December 10.
Under the terms of the proposal, the Swiss government would evaluate bitcoin’s opportunities, and clarify the currency’s standing as it relates to its anti-money laundering and securities laws.
In a press statement, the law body wrote that “members, coming from major parties such as SP, FDP, GLP and the Greens, have concluded that bitcoin and comparable digital currencies not only pose risks, but also opportunities for Switzerland’s financial sector.”
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