A Swiss private bank with 50 years of expertise in wealth management – Falcon Group – has become the first local bank to offer a new feature of blockchain asset management, including Bitcoin, to its clients.
Now, Switzerland becomes more cryptocurrency friendly. A new service has become available through Falcon Group’s cooperation with Bitcoin Suisse AG, a regulated crypto financial broker based in Switzerland. The bank has already received approval from FINMA (the Swiss Financial Market Supervisory Authority) to launch this unique product.
Read the full article: https://coinidol.com/first-swiss-bank-to-allow-exchange-and-hold-bitcoins/
Now, Switzerland becomes more cryptocurrency friendly. A new service has become available through Falcon Group’s cooperation with Bitcoin Suisse AG, a regulated crypto financial broker based in Switzerland. The bank has already received approval from FINMA (the Swiss Financial Market Supervisory Authority) to launch this unique product.
Read the full article: https://coinidol.com/first-swiss-bank-to-allow-exchange-and-hold-bitcoins/
Switzerland will always be a safe haven for those who have a lot of money. Crypto currency is money 2.0 so obviously they will "adapt and adopt". I remember that US government is putting pressure on their government to open a lot of bank accounts, obviously this is against the bank secrecy law. Maybe this is just one way to say f** off Uncle Sam, we will gonna embrace bitcoin as well so don't mess with us. LOL.
Amid all the negative discussion about the coming August 1 date, I am happy to read this news. This can boost Bitcoin in Switzerland and if there would be other banks to follow soon then I am sure Bitcoin can somehow go mainstream in that country. I am sure that the Falcon Group has realized the immense potential of Bitcoin for their large clients and they know they must be a part of the bandwagon rather than resist it. Nice move, indeed!
