Bitcoin Association Becomes Switzerland Non-profit Association, Expands Global Work to Advance Bitcoin SV [bSV]

ZURICH, May 1, 2020 /PRNewswire/ -- Bitcoin Association, the global industry organization that advances Bitcoin SV, announces it has become a non-profit association (Verein) in Switzerland.  The Association supports Bitcoin Satoshi Vision (BSV) because it is the only project adhering to Bitcoin creator Satoshi Nakamoto's original protocol, design and vision for Bitcoin to become a peer-to-peer electronic cash system and global data ledger for enterprise.  

The initial Voting Members of the new Association are:  CoinGeek (entrepreneur Calvin Ayre's multi-faceted Bitcoin mining, media and investment business); nChain (the leading global blockchain technology company where Bitcoin creator Dr. Craig S. Wright is Chief Scientist); TAAL Distributed Information Technologies, Inc., a publicly-traded Canadian company involved in blockchain transaction processing (mining) and infrastructure; and Jimmy Nguyen, global advocate for Bitcoin SV and the Association's Founding President. 

The Association's Executive Committee consists of:  President Jimmy Nguyen; Vice President Steve Shadders, CTO of nChain; Calvin Ayre, Founder of CoinGeek; Stefan Matthews, Chairman of TAAL; and Jodok Wicki, a partner at the CMS von Erlach Poncet Ltd. law firm in Zurich, Switzerland and counsel to the Association.

Under its previous structure, the Bitcoin Association grew to approximately 1500 members from over 65 countries – including enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners) and others in the Bitcoin SV ecosystem.  The new Association will transition to a new membership structure, with Voting Members, Non-Voting members and Affiliates, in order to better serve the differing interests across its broad range of constituents.  Information about participation options for 2020, which will serve as a transitional year, as well as details about future years will be communicated to all members of the previous organization structure.

Bitcoin Association's Founding President Jimmy Nguyen commented on the move, saying: "As I have said before, it is time for Bitcoin to grow up.  That means that the industry, especially its technology development, business infrastructure, and regulatory oversight, need to mature.  This also means that our own organization needs to take steps forward in its maturity.  Switzerland is a renowned global capital for finance, technology and digital currency.  It is an ideal base for our global association, as we lead the maturation of the entire Bitcoin industry and significantly increase our international activities to advance Bitcoin SV.  We also expect more exciting BSV developments to happen in Switzerland as a result of this move."

Interest in Bitcoin Association has rapidly grown as Bitcoin SV has captured the digital currency spotlight.  The BSV blockchain has seen application development explode globally as developers and businesses make use of BSV's superior scaling, data and micropayments capacities.  Growing usage has led BSV's daily network transactions and average block size counts to regularly surpass BTC and even surpass the Ethereum network on some days.

To further accelerate BSV's growth, the Bitcoin Association has an ambitious agenda for 2020 and beyond.  This includes work to support the underlying BSV technical infrastructure; standards setting with a new Technical Standards Committee; host and sponsor Bitcoin SV business conferences, programs and events around the world; launch a developer training curriculum, Developer Conferences ("BSV DevCons") and workshops; conduct global media work in multiple languages; and policy work with government bodies to encourage responsible usage of Bitcoin and blockchain technology.

Bitcoin Association's efforts are truly global.  To carry out its work, the organization has built an international team, including staff in Australia, China, Japan, Singapore, Switzerland, United States, and United Kingdom.  They are supported by Bitcoin Association Global Ambassadors in Argentina, Australia, Brazil, China, Germany, Israel, Japan, Netherlands, Panama, Russia and CIS region, the Scandinavia region, Slovenia, South Africa, South Korea, Spain, and the United States.

If you are a business or developer interested in Bitcoin SV, join the new Bitcoin Association for BSV and participate in building the future of Bitcoin and blockchain.  We welcome participation by anyone interested in Bitcoin SV, even if you also support or work on other blockchain or digital currency projects.  Visit our website at new.bitcoinassociation.net/swiss-membership/ to learn more about the new Bitcoin Association's membership structure.