Ernst & Young Joins Bitcoin Association of Switzerland, Will Support Bitcoin Community

Ernst & Young’s (EY) Swiss arm has announced formal support and membership of the Bitcoin Association of Switzerland (BAS).

An announcement posted by the BAS on Wednesday states the move is part of the global consultancy giant’s continued foray into cryptocurrency.

“Being the first of the Big 4 to get into Bitcoin, the next obvious step for EY was to support our local Bitcoin community by joining the Bitcoin Association as a corporate member,” BAS stated.

The association exists as a lobby group raising awareness and organizing events centered on Bitcoin and the decentralization of money.

Switzerland is rapidly becoming a hive of activity in both the crypto and Blockchain sector, with the dedicated Crypto Valley Association located in Zug focussing on corporate involvement in the technologies.

For its part, EY last November proclaimed that Swiss clients could pay invoices in Bitcoin, while internationally it also joined Estonia’s Polybius Cryptobank initiative this week.

“It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through blockchains, smart contracts and digital currencies,” EY Switzerland CEO Martin Stalder commented on the BAS move.