Switzerland Vote Could Label Bitcoin A Legal Currency

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.”

For more on bitcoin and its latest market movements, revisit our latest Bitcoin Bubble Tracker here.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.