SERVICE FOR MANAGING CRYPTOCAPITAL FROM A SWISS BANK

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Management of cryptocurrency capital from the Swiss Bank. The private bank Falcon offers its customers the appropriate process for an investment of funds from the incomings generated by the trade with crypto-currencies. Now existing and new customers can convert into a fiat currency a capital received from crypto assets. The bank claims that it uses adequate discretion using “specific tools” for analyzing transactions with blockchain, and checks customers according to the anti-money laundering legislation. The auditor of the bank, PricewaterhouseCoopers, reviewed and approved this process, and the Swiss regulatory body Finma signed an agreement under which customers can exchange and use bitcoins through Falcon. Bitcoin ATM is already installed in the lobby of the bank’s headquarters in Zurich.

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