Chairman of SNB considers bitcoin an investment

He thinks that this question is not about technology but about security
24 November 2017   377

Thomas Jordan, the Chairman of Swiss National Bank, declared that the cryptocurrency, for example bitcoin, is not a currency but is an investment. He considers important the question of who and how has access to the money of a central bank, and not about what technologies are used. He also said that central banks are intensively working on the issue of regulating cryptocurrency and the attitude towards them.

He also believes that the impact of crypto-currency on the financial system as a whole is very important, and therefore central banks should monitor this because in this area there are still many unresolved issues.

Then he said that the SNB will try to reduce pressure on the Swiss franc and at the same time make investments in it less attractive. At the same time, the Swiss franc will remain "highly valued".

Arizona to Protect Crypto Nodes Legally

According to the public records, proposed protections for cryptocurrency node operators are moving ahead in Arizona's legislature
21 February 2018   43

On February 6 House Bill 2602 was filed by Representative Jeff Weninger (R.-17). It passed the Arizona House of Representatives on February 20 with 55 out of 60 votes. Now it will be sent to the State Senate.

The bill will prevent governments in the state from imposing restrictions on people who run nodes in their residences.

The bill does not specify whether it is restricted to cryptocurrency miners. However, the bill states that individuals using computing power to either validate or encrypt a transaction on a blockchain are protected.

This is just one out several bills making their way through the Arizona legislature. Another bill by Weninger would formally define the terms "coin", "blockchain," and "initial coin offering" within the state's legal framework.

Another bill recently passed by the Arizona Senate which would empower the state government to accept taxes in bitcoin and other cryptocurrencies.