Bitcoin Association Became A Non-Profit One In Switzerland To Support BSV

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • Bitcoin Association, a leading global organization supporting Bitcoin SV has announced that it has become a non-profit organization in Switzerland.
  • With the main idea to serve all kinds of interests across its wider constituents, the new Association will be transformed to a new membership structure.
  • Jimmy Nguyenhad stated now was the time for Bitcoin to mature along with its technology, infrastructure, and other regulations.
  • To further fuel BSV’s development, the Bitcoin Association has formulated an agenda for the transitional year and beyond. 

Bitcoin Association, a leading global organization supporting Bitcoin SV has announced that it has become a non-profit organization in Switzerland. The association brings together enterprises, miners and many others to enhance advancement in the growth of Bitcoin commerce. Since BSV complies with a stable protocol and roadmap for BTC to become the new cash and global public ledger for enterprise,  Bitcoin Association mainly supports BSV. 

With the main idea to serve all kinds of interests across its wider constituents, the new Association will be transformed into a new membership structure. Wherein it will include Voting Members, Non-Voting members and Affiliates too. On the other hand, highlighting the previous structure, the Association had grown to nearly 1500 members coming from 65 countries. The members included enterprises, start-up ventures, developers, exchanges, service providers, miners, and others in the Bitcoin SV network. Also, the details regarding the participation for this year besides future years will be conveyed to the previous organization structure’s members.

It is time for Bitcoin to mature: Jimmy Nguyenhad, President of the Bitcoin Association

Founding President of the Bitcoin Association, Jimmy Nguyenhad had his say on this move of theirs. He stated that now was the time for Bitcoin to mature along with its technology development, infrastructure, and other regulations. Nguyenhad stressed on how bringing in this maturity is their own organization’s responsibility. 

Furthermore, through the move, he seeks much more encouraging BSV developments to take place in Switzerland. He acknowledged that Switzerland was an ideal base for its global association. Ideal because they will be able to increase their international activities for the advancement of BSV, Nguyenhad acclaimed.

Global Association formulates an agenda to fuel BSV’s growth

The BSV blockchain has experienced an explosion in the application development as developers continue to exploit its scaling and payment capabilities. Bitcoin SV has sure caught the limelight, forbye drawing public attention to the Bitcoin Association. 

Hence, further fuelling BSV’s development, the Bitcoin Association has formulated an agenda for the transitional year and beyond. With regard to the same, it looks forward to supporting the foundational technical infrastructure of the BSV. Along with the standards set with a new Technical Standards Committee. Further backing up the host and sponsor BSV business conferences, and events worldwide. The global organization also seeks to conduct global media work in multiple languages. Lastly, it aims to work with government bodies for the encouragement of BTC usage and blockchain technology too.

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