[2018-06-08] Switzerland Shows the Way: Bank First to Offer Crypto Business Acc

[tyz]

Switzerland Shows the Way: Bank First to Offer Crypto Business Accounts

Switzerland’s legacy bank, Hypothekarbank Lenzburg, announced this week it was accepting cryptocurrency related businesses as account holders, something many legacy financial institutions outright refuse.

https://news.bitcoin.com/switzerland-shows-the-way-bank-first-to-offer-crypto-business-accounts/

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[Lucius]

Such a move from a Swiss bank was expected, they recognized what is the potential of cryptocurrency and blockchain long before some other countries. At a time when other countries were indecisive or or even forbidden trading with crypto coins, Switzerland has worked on regulation and creating a positive atmosphere for investors in this area. If there is a chance to make a profit Swiss will go for it, this is first move to even wider application of cryptocurrency in Switzerland.

[davis196]

OK,now we are waiting for the central bank of Switzerland to punish that bank for managing accounts of businesses involved into money laundering,avoiding taxation and other illegal activies.
Nothing will change in Switzerland,untill we have a brand new Crypto legislation.