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In Switzerland, you can buy Bitcoin and train tickets from the same machine. It just looks like bitcoin is taking over the world.
These have been around in Switzerland for quite a bit now. Snapped a photo of it at the train station in Zurich back in 2019. I remember being quite shocked. Damn, this is very bullish for the Swiss trains.
Due to international pressure and reputational damage, Switzerland’s regulators are covertly imposing more stringent anti-money laundering rules on crypto platforms and brokers.
In the past month, Switzerland cleared the way on Friday for more trading of bitcoin and other digital assets in the country by authorizing a new digital stock exchange.
Previously, Finma, Swiss regulator stated that they have granted the “SIX Stock Exchange” two licenses, to function as a stock exchange and central securities depository. The license makes it possible to open up its infrastructure to supervised financial institutions, rather than directly to end clients. Balancing innovation with market safety is becoming increasingly important.
SIX makes use of distributed ledger technology to record transactions. SIX will be launching in Switzerland, the sooner Finma approves.
Institutional investors like banks and insurance companies are ready to invest in crypto assets, while looking for higher standard in terms of security and regulation. Previously, there was no option to have a custody bank solution, which is now becoming available. And, more of adoption is happening.
SIX, the Swiss Stock exchange serves as the Gateway to the world of financial markets. When it comes to raising capital there are few exchanges which will be able to match the Swiss Stock Exchange. Whether by IPO, spin-off or new fund listing, the Swiss Stock exchange covers the users end to end.
SIX covers the entire securities value chain and it is the single gateway to capital and the future of capital with the SIX Digital Exchange.
Community response: Bitcoin is still holding very well over the 50k support. Confidence seems to have come as the market is greening. It feels like the bulls are still in control.
I truly believe previous dip was to scare retail into selling, allowing institutions to buy cheaper, they were late to the game, they needed a better entry.
Bitcoin action this weekend just broke above the short term EMAs and is at the 50. A break above this would be a potential development of a continuation reversal pattern.
Bitcoin is too large to ignore. I love being on the side of truth, hope, and freedom.
