One of Switzerland’s longest-running business newspapers Handelszeitung published a Bitcoin article on 26th November 2019 and expressed nothing but admiration for the world’s largest cryptocurrency.
The full-page Bitcoin article provides a detailed guide to the leading cryptocurrency, how to buy, sell, and store the asset legally and securely and information on its underlying technology, blockchain. It is a welcome gesture to newbies and aspiring entrepreneurs in the sector who wish to get the taste of Bitcoin trading and know what it is like to make a living out of it. It is also satisfying to see that the country is undeterred by the highs and lows of the Bitcoin price, witnessed recently, and continues to accept and promote its growth.
Bitcoin article focussing on positives
The article offers a promising outlook for cryptocurrencies in Switzerland and emphasizes on trading, exchanging, and investing in these assets has become more straightforward and secure by the day. The author then takes the opportunity to elaborate on finding the right cryptocurrency, buying it, storing it and selling it on a regulated and trusted exchange platform. He also highlights how easy it has come to sell these coins for Swiss Francs, all using a few clicks on the smartphone.
The article also educates its readers on the most talked-about subjects in crypto space right now and explains the fundamental distinction between cryptocurrencies like Bitcoin and digital yuan – a central bank operated digital currency. It outlines what sets digital currencies like Bitcoin, that are based on an open, permissionless, decentralized blockchain, apart from Chinese central bank digital currency and Facebook’s stablecoin Libra, which are state-run or centralized cryptocurrencies.
For crypto enthusiasts and professionals, this may come off as the very basic fundamental; however, for those who have just stepped on board or wish to begin their cryptocurrency trading journey, the information fundamentally clarifies any ambiguities surrounding virtual currencies.
Bitcoin and blockchain will see better days, Swiss media
The report also goes a step further in assuring its readers that growth and development of distributed ledger technology and trading and transacting in digital currencies and, although in its nascent stage right now, is likely to get more secure and user-friendly in the near future as the interests continue to mature and governments are able to see the potential in these technologies.
The author concludes the report by stating the Bitcoin must not be as a hypothetical science but rather a groundbreaking technology that essentially empowers its users to control and manage the assets without having to rely on banks or other financial entities.
Meanwhile, the Swiss federal government is taking another step in fostering the growth and appropriate usage of blockchain as the country prepares for reform of blockchain regulations.
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