The Bitcoin scene in Switzerland has been strong since Mike Hearn, former Bitcoin developer and author of Bitcoinj, organized the first local Bitcoin meetup in February 2011. Over the years we have grown from a handful of people to over 5’500 Bitcoiners, making Switzerland home to one of the biggest Bitcoin communities in the world.
While the Bank for International Settlement / Basel Committee on Banking Supervision continues to propose regulation, they also have developed a habit of not addressing legitimate concerns from the community. That is highly regrettable, but no reason to throw in the towel. So the Bitcoin Association Switzerland continues to provide constructive feedback and - so we think - well argued suggestions on how to improve on the longterm goals of the BIS to make the space safer and allow for more innovation.
The letter we sent out this week is continuing this tradition.
