Published on September 13th, 2015 | by bitcoin0
Switzerland Capital launches new Bitcoin ATM
Bitcoin consulting firm and solutions provider Bitcoin Suisse AG has installed BitXatm’s two-way bitcoin ATMs in Bern, the capital city of Switzerland.
Over the past year, Bitcoin Suisse AG has installed 3 two-way ATMs and a one-way ATM across Switzerland by partnering with two major bitcoin manufacturers BitXatm and Lamassu.
VAT could potentially require a significant amount of service tax for bitcoin exchanges and BTM operators like Bitcoin Suisse.
Bitcoin Suisse received the permission to launch and install bitcoin ATMs by the Swiss Financial Market Supervisory Authority in June of 2014, a few weeks after its suspended launch of its first bitcoin ATM in Zurich.
During that time, Bitcoin Suisse representative announced, “The Swiss Financial Market Supervisory Authority (FINMA) has requested Bitcoin Suisse AG to suspend the launch of the Bitcoin ATM pending clarification of open legal questions.”
However, the bitcoin startup immediately took the appropriate approach, and came to a consensus with the Swiss Financial Market Supervisory Authority to launch their bitcoin ATMs legally, across Switzerland.