The Swiss Federal Railways (SBB) are introducing the sale of Bitcoin to their ticket vending machines. For this purpose, the transport company now operates 2,300 machines.
Switzerland is known to be slightly faster and more effective in financial matters than Germany. While the current position paper of the Federal Government wants to strive for an “early” international regulation of crypto currencies, one can buy bitcoin in the neighboring country already for some time at the automat.
Swiss Federal Railways now also sells Bitcoin
This offer has now been extended by the Swiss Federal Railways (SBB). As can be seen from the information provided by Nau Media, there are now 2,300 ticket machines at Swiss stations where you can buy the cryptocurrency. Interested parties can therefore buy BTC worth a maximum of CHF 500 per day and per person.
Interest definitely exists
As local media also report, the offer is already being used. In total, there are about 6,000 people, of which half used the offer regularly. Especially last winter there was a massive influx here. However, the integration of other cryptocurrencies is not yet planned.
In this country you can probably wait for such developments. Although the Bitcoin SE Group has already acquired licenses here to offer a corresponding offer. But until that happens, there are more permissions to acquire, especially with regard to know-your-customer regulations (KYC). The legality of Bitcoin machines has not yet been completely clarified in Germany.
Blockchain and Bitcoin in Switzerland
The Swiss Federal Council already took care of the adaptation of the blockchain technology in January of this year. For this purpose, he set up his own blockchain taskforce. In doing so, the government sought effective regulation of cryptocurrencies and initial coin offerings. Led by Finance Minister Ueli Maurer and Minister of Economic Affairs and Education Johann Schneider-Ammann, the working group consists of representatives of the federal government, the cantons and blockchain start-ups based in Switzerland.
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Virtual currency is in many countries not legal tender, or is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.
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