The Bitcoin Association, an organization in the crypto sector that is committed to the advancement of Bitcoin SV, recently announced that it had received a license to operate as a non-profit association in Switzerland.

According to the announcement, the association will now operate as a Verein, the term for a non-profit association in the country. It supports Bitcoin SV since it is the only project, which adheres to the vision of Satoshi Nakamoto, the creator of Bitcoin.

Initial Voting Members

The initial Voting Members of the association, who play a crucial role in the development of Bitcoin SV and the entire ecosystem, are:

  • nChain: A leading global tech company focused on blockchain technology
  • CoinGeek: A BTC mining, media, and investment company created by Calvin Ayre, a renowned entrepreneur
  • TAAL Distributed Information Technologies: A publicly traded firm based in Canada. The company is involved in the blockchain transaction and processing sector.
  • Jimmy Nguyen: A global advocate for Bitcoin SV and the Founding President of the Bitcoin Association

The association said that it had grown to around 1500 members from over 65 nations under its previous structure. These members came from different fields and they included developers, merchants, enterprises, startup ventures, crypto exchange, miners, service providers, and others involved in the Bitcoin SV ecosystem.

In the new association, a new structure will be adopted. It will have Voting Members, Non-Voting Members, and Affiliates. The association believes this will enable it to serve the different interests of those in the ecosystem better. Members of the previous structure will receive details about participation options for 2020, which will be a transition year for the association.

Why Switzerland

According to the announcement, this was the right time for Bitcoin SV to grow. It noted that technology development, regulatory oversight, the industry, and the business ecosystem needed to mature. As a result, it meant that the association needed to take steps towards maturity.

The association’s announcement states that Switzerland was the ideal place to set up camp. It notes that the country is a global capital for the financial world, digital currencies, and technology. As a result, it would help the organization increase its international activities for the advancement of Bitcoin SV. It added that the association expects a lot of excitement for BSV in Switzerland.

It notes that laws, which apply to other major non-profit organizations such as FIFA, the international body that governs soccer, will govern the association. The association will use the platform to offer a high level of professionalism to the BSV ecosystem.

The Goal of the Association in 2020

For 2020, the association hopes to achieve quite a lot. For instance, it is planning to collaborate with student organizations and universities in the creation of BSV educational programs. Besides that, it will support meetups and activities organized by supporters of BSV globally. Currently, the association draws its members from all over the world. The team members come from countries such as the US, the UK, Japan, China, Singapore, and Australia.

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