[2017-08-16] Coindesk: Swiss Bank to Sell Ether and Bitcoin Cash to Customers

[eXpl0sive]

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.

Source:
https://www.coindesk.com/swiss-bank-to-sell-ether-and-bitcoin-cash-to-customers/

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[iamTom123]

Wow...this is good news for the many customers of that bank in Switzerland. I hope there would be a bank offering the same kind of service here in my country, where all you have to do is transact over the counter and they would just transfer your digital coin to your given wallet. That would have been nice and can be a way also to make cryptocurrencies more accessible by ordinary people who are also thinking of investing with this new medium. Hopefully, this can somehow help cryptocurrency go mainstream.

[eXpl0sive]

Wow...this is good news for the many customers of that bank in Switzerland. I hope there would be a bank offering the same kind of service here in my country, where all you have to do is transact over the counter and they would just transfer your digital coin to your given wallet. That would have been nice and can be a way also to make cryptocurrencies more accessible by ordinary people who are also thinking of investing with this new medium. Hopefully, this can somehow help cryptocurrency go mainstream.

I see it as a positive move in order for ordinary people to get an easy and safe entry to crypto without going through the hassle of getting into complicated process of getting a verified account on exchanges and deal with all form of KYC, and other processes.

[Netnox]

If I am not wrong, Switzerland was perhaps the first country in the European Continent to legalize the ownership and trade of Bitcoin. And Falcon Private Bank is not a purely Swiss owned bank. It is under the ownership of a few rich investors from the United Arab Emirates. That said, I have a few doubts regarding the latest news. This bank is having its branches in countries such as Hong Kong and Singapore. Are they extending the crypto services to these countries as well?