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Swiss Politician Asks Government to Create Report on Bitcoin

(CoinDesk) A member of Switzerland’s federal parliament has made a submission to the country’s National Council asking it to write a report on Bitcoin. Jean Cristophe Schwaab of the Swiss Socialist Party said he submitted the request because he is concerned about the potential of Bitcoin.

“It’s difficult to know at this stage exactly what bitcoin is and what it is capable of becoming. That’s why I want the government to look at the bitcoin market and and what the dangers are,” he said.

Schwaab went on to say he thinks there is real danger of bitcoin enabling money laundering and other criminal activities to take place in Switzerland, however, he conceded that the digital currency could also end up doing good for the country.