Topic: Swiss Bank to sell Bitcoin Cash to Customers (Read 623 times)

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I say this because most Europeans citizen need to report each bank account they own in a foreign country, and now between European countries and OECD members, it is done automatically

This is certainly a historical event! However, it's hard to imagine crypto assets being operated with in a bank environment. We'll have to see what happens

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A private Swiss bank is expanding a digital asset management service it launched earlier this summer to include new cryptocurrencies.

Falcon Private Bank, as previously reported by CoinDesk, revealed that it would allow its customers to buy and hold bitcoin within their accounts through a partnership with brokerage service Bitcoin Suisse. The launch was said to come after consultations with Swiss regulators, including the Swiss Financial Market Supervisory Authority (FINMA).

Now, that product line is expanding to include ether, litecoin and bitcoin cash. Customers of the bank will be able to start buying and holding those cryptocurrencies from August 22, according to today's announcement.

It’s a notable development, given that the initial service was brought online just over a month ago, marking the first time a traditional bank has moved to offer cryptocurrency services to its clients. As of last year, Falcon Private Bank had more than $14 billion in assets under its control.

"Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history," Bitcoin Suisse CEO Niklas Nikolajsen said in a statement. "Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors."

At the time of its bitcoin service launch, Falcon also moved to install a bitcoin ATM in its Zurich headquarters.

https://www.coindesk.com/swiss-bank-to-sell-ether-and-bitcoin-cash-to-customers/?utm_content=buffer965a2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

This is a huge step to get more "regular" people to get into bitcoin. I think banks should start adopting bitcoins. Even though when the banks are controlling the coins, it's important for the development of its popularity among regular people.

If they want to try and branch out their services in an effort to acquire more money then I say fine by me, but they should, at the very least, make sure that their customers know the difference between Bitcoin and Bitcoin Cash before they start to sell it to them. It wouldn't be good for business (or PR) if there was suddenly a ton of people buying BCH and thinking they were just getting a really, really good deal on some Bitcoin.

At least they're including Ethereum and Litecoin along with it. I wonder how much they're going to be making one ETH becomes proof of stake, though...

Developing this service will probably drive people to know and use btc. This service along with the expansion of the Swiss bitcoin ATM system will encourage the btc trading market to expand, enabling us to trade.

A private Swiss bank is expanding a digital asset management service it launched earlier this summer to include new cryptocurrencies.

Falcon Private Bank, as previously reported by CoinDesk, revealed that it would allow its customers to buy and hold bitcoin within their accounts through a partnership with brokerage service Bitcoin Suisse. The launch was said to come after consultations with Swiss regulators, including the Swiss Financial Market Supervisory Authority (FINMA).

Now, that product line is expanding to include ether, litecoin and bitcoin cash. Customers of the bank will be able to start buying and holding those cryptocurrencies from August 22, according to today's announcement.

It’s a notable development, given that the initial service was brought online just over a month ago, marking the first time a traditional bank has moved to offer cryptocurrency services to its clients. As of last year, Falcon Private Bank had more than $14 billion in assets under its control.

"Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history," Bitcoin Suisse CEO Niklas Nikolajsen said in a statement. "Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors."

At the time of its bitcoin service launch, Falcon also moved to install a bitcoin ATM in its Zurich headquarters.

https://www.coindesk.com/swiss-bank-to-sell-ether-and-bitcoin-cash-to-customers/?utm_content=buffer965a2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Switzerland is actually a country known for its very strict bank secrecy law and that is why it became a haven for well-known leaders and other personalities who wanted to hide the money they got either legally or illegally.

Heard that already Swiss is one among the country that focus much into digital growth. As a part already botcoin is quiet popular as well it has got more bitcoin ATM's. Recently Swiss created its own coin for the use within the country. This is just an digital form of fiat that is used around.