The establishment of the Swiss regulatory authorities to suspend Zurich bitcoin ATM
Bitcoin Suisse AG is a Swiss electronic financial agents and bitcoin ATM operators, suddenly cancelled its plans to set up a bitcoin ATM in Zurich, said it was forced by the Swiss financial market supervisory authority (FINMA) requirements. According to the requirements of the company also suspended all other bitcoin ATM established plans and existing services.
Switzerland bitcoin association president Luzius Meisser believes this is just the management authorities to take on new services and new technology routine, but not fundamentally opposed. On the other hand, he believes that under current law bitcoin ATM can be used for non-commercial purposes, and operators should join the self-discipline organization.
Currently bitcoin in the world are facing more censorship, in early May Switzerland a government report said bitcoin companies with electronic money to pay employees is illegal. However, the Swiss Parliament will consider bitcoin as a currency to treat, has been strongly welcomed bitcoin enthusiasts. Meisser the bill passed the preliminary vote has been submitted to the federal council. This is likely to restart the country’s bitcoin ATM service.