Iceland to end capital controls from 2008 financial crisis

  • Iceland will lift all capital controls on its citizens, businesses and pension funds from Tuesday.
  • The removal of the capital controls – which helped stabilised the currency and economy during the country’s financial crash – represents the completion of Iceland’s return to international financial markets.
  • “Iceland’s careful, measured approach to lift capital controls was developed and approved with domestic and international support,” said Benedikt Johannesson, minister of finance and economic affairs.
  • Capital controls were implemented in 2008, with the support of the International Monetary Fund (IMF), to shield the economy from severe depreciation.
  • For the past year, the government and Central Bank of Iceland have been lifting controls through what they say has been an “incremental, measured process that focused on protecting the currency, addressing a balance of payments problem and tempering shocks to the Icelandic economy”.

The government thinks the economy has now recovered sufficiently from the 2008 financial crisis.
Continue reading “Iceland to end capital controls from 2008 financial crisis”

Bitcoin will soon be available for purchase on Swiss railway ticket machines

#bitcoin will soon be available for purchase on Swiss railway ticket machines

  • Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines.
  • Bitcoin will soon be available for purchase on Swiss railway ticket machines
  • While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
  • While people will be able to buy Bitcoin, train tickets will not be available for purchase using the digital money.
  • The BBC reported that SweePay, a Swiss financial services company, will make the transactions possible by lending its conversion service to the SBB machines.

Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines. While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
Continue reading “Bitcoin will soon be available for purchase on Swiss railway ticket machines”

Bitcoin will soon be available for purchase on Swiss railway ticket machines

#bitcoin will soon be available for purchase on Swiss railway ticket machines #finserv

  • Bitcoin will soon be available for purchase on Swiss railway ticket machines
  • Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines.
  • While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
  • While people will be able to buy Bitcoin, train tickets will not be available for purchase using the digital money.
  • The BBC reported that SweePay, a Swiss financial services company, will make the transactions possible by lending its conversion service to the SBB machines.

Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines. While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
Continue reading “Bitcoin will soon be available for purchase on Swiss railway ticket machines”

Railway ticket machines in Switzerland will soon sell Bitcoin

Railway ticket machines in Switzerland will soon sell #bitcoin #crypto #news   #ResidualBit…

  • Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines.
  • Railway ticket machines in Switzerland will soon sell Bitcoin
  • While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
  • While people will be able to buy Bitcoin, train tickets will not be available for purchase using the digital money.
  • The BBC reported that SweePay, a Swiss financial services company, will make the transactions possible by lending its conversion service to the SBB machines.

Starting Nov. 11, customers on the Swiss railway will be able to trade their Swiss francs for Bitcoins on ticket machines. While people will be able to buy Bitcoin, train tickets will not be for sale using Bitcoins.
Continue reading “Railway ticket machines in Switzerland will soon sell Bitcoin”