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Title: Zug bank offers to open accounts for BTC miners? Post by: apofioz_oz on September 28, 2017, 01:46:54 PM Recent rumour has it that a bank in canton Zug (Switzerland), the world's Crypto Valley, has began opening bank accounts for bitcoin miners, a continuous way of attracting more Fintech and CryptoCurrency companies like Xapo, Shapeshift, Ethereum, Monetas and others into the region. I ve done some research, but the only big news i ve found is that Falcon Bank now sets cryptoportfolios, and opens asset management accounts for your cryptocurrency. This is great, but still is far from the good old bank becoming cryprofriendly. as I know Switzerland has now allowed tax payers to cover up to 200 CHF of taxes and fares with BTC and Canton Zug is implementing the purchase of local transport tickets with BTC too. Though how is this possible if to connect to the payment app you need to have a bank account and a credit (not debit ) card. I saw that the authorities are installing terminals to pay, meaning you are still only able to make a transaction from the wallet?
Therefore, my questions are : Has anyone happened to know a crypto-friendly bank? and whether anyone from Switzerland has experienced such practices already? Thank you! Title: Re: Zug bank offers to open accounts for BTC miners? Post by: Samarkand on September 28, 2017, 02:45:51 PM ... Therefore, my questions are : Has anyone happened to know a crypto-friendly bank? and whether anyone from Switzerland has experienced such practices already? Thank you! Have you heard of Falcon bank? https://www.reuters.com/article/us-swiss-banks-falcon-bitcoin/swiss-private-bank-falcon-introduces-bitcoin-asset-management-idUSKBN19X28L Quote Wealthy clients of Swiss private bank Falcon will be able to store and trade bitcoins via their cash holdings with the bank from Wednesday, a move that signals the traction the virtual currency is gaining even in slow-changing asset management. The group’s new blockchain asset management service is being offered in partnership with cryptocurrency broker Bitcoin Suisse. “We are proud to be the first-mover in the Swiss private banking area to provide blockchain asset management for our clients,” Arthur Vayloyan, Falcon’s global head of products and services, said in a statement. They allow their clients to store wealth in cryptocurrencies since this year. However, I think they are the first bank in Switzerland to offer a service like this and so far no other bank has adopted a similar attitude towards cryptos. Title: Re: Zug bank offers to open accounts for BTC miners? Post by: apofioz_oz on September 28, 2017, 02:49:25 PM Yeah I ve mentioned Falcon, but they are mostly asset managers, rather than simple banking.
Title: Re: Zug bank offers to open accounts for BTC miners? Post by: countryfree on September 28, 2017, 05:33:54 PM Recent rumour... Maybe you could give the source of this rumor... I's probably about the Falcon Bank, though. They're doing what Swiss banks have been doing their centuries: helping their rich clients to get even richer. I guess you need to keep a minimum balance of at least 200,000 Swiss francs to be their client. Title: Re: Zug bank offers to open accounts for BTC miners? Post by: matuson on September 28, 2017, 06:54:40 PM I never trusted banks. I do not understand why they need to store bitcoins. Good Xapo wallet, I use it. They have the opportunity to open a plastic card with bitcoin, but the purchase cost more. I do not understand why it is necessary for someone. Everyone is trying to parasite on bitcoin but it seems to me that there is no best deals.
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