Customers in switzerland can now send their cryptocurrency to their banks

[Sexie]

Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?

https://cryptoslate.com/switzerland-scrambles-to-regain-cryptocurrency-friendly-status-as-banks-dissuade-crypto-businesses

This is awesome that Switzerland accept Bitcoin deposits.   But with restrictions that only those with kyc  and identifications are being accepted. This situation will be the beginning on How Banks adopt  Bitcoin. So meaning to say, anonymously can not send their bitcoin to the banks. In this process , Bitcoin transactions  fees Will be implies. Anyway, Bitcoin Will be safe  in the banks because of the kyc and the amount of crypto
that you have.

[alinalovedoogie]

As I know in Switzerland the banking system is very developed. So its not so surprising to me. I hope that it will turn out to be positive movement to the crypto currency.

[Sabana1952]

Seriously this is a good news for everyone in the world of crypto and this would encourage more people to invests more I thinka lot of banks have appeared all over the world which continue cooperation with the crypto world.

[coinwizard_]

I support it as it helps those that are not confident enough to secure their own coins. Be your own bank is only good for those that are happy enough to carry out transactions themselves with their own self secured wallets

[Beimere]

In my opinion that will force a lot of these banks' competitors to join the market and create a perfect healthy competition where all them would be trying to make the crypto space better. This will go a long way to normalize cryptocurrency in my opinion which is seen as illegal coins in many countries.

[Bere ice]

To be honest; banks cannot regulate BTC and that is one of the unique feature of the coin and explains why BTC gained so much popularity over the year. So; if banks come to participate in the market other competitors will also get interested which means chance for a mass adoption. But; bank regulations are definitely going to work as a pull back.

[KingScorpio]

Banks and other financial institutions pay very close attention to cryptocurrency, yet the vast majority of them are reluctant to take the plunge. A few of Switzerland’s top private banking institutions, however, are eager to facilitate cryptocurrency transactions.
Two of the banks are;

 Falcon Private BankBanks e a Change
 Maerki Baumann private bank

Customers  can now send their digital asset to the bank.

What's the implication?

cryptocurrencies where created to get rid of banksters not continue using them

[ClaytonLWils]

In Switzerland crypto market is legal and this countries bank are also accepts this market. It’s a great news for this industry. Now crypto will become more popular in the Europe.

[Bit poul]

Banks cannot work with or control BTC and that is one of the feature of the coin hence the popularity over the year. Bank particpation will lead to more accepatance hencerforth.

[Ghypatt]

This is a great news. It is an indication that the banks have started to see the positive side of Btc. I have always said that with time almost all will come to accept Btc and I think from the look of things, we are not far from that as more and more big companies and banks move into cryptocurrency.

[banks38]

Why in the f would you send your crypto to the bank?  I thought that's what we were trying to get rid of.  Sheep gonna sheep I guess.  Kinda makes me sad for the next generations. 

[stownbridge]

I WANT SWITZERLAND WILL BE IN THE FIRST RANGES FOR LEGALIZATION CRYPTUALITIES IN ALL SPHERES OF REAL LIFE. THE PERCEPTION OF INCOME IS THE TRADITION OF SUCCESSFUL PEOPLE

[Irvinn]

It is simply incomprehensible to send your crypto currency to the bank. It turns out, we sent
in the purse belonging to the bank, its crypto currency. And what is this, the usual storage, where will the bank respond if the crypto currency disappears, or is it deposited with interest payment? If deposited, on what terms?

[CrucialTechnology57]

It is the biggest good news i have ever hear because bank and bitcoin on the same track it is really surprising news. Really confident that bitcoin just going to make every impossible possible.

[Nurul_]

That's very good news, bro. because with the news like that can be an example to the world that bitcoin is not as bad as they think. and at the same time can make the name bitcoin and bitcoin prices become a little better

[abojamal]

Overall, the news is good
Despite fears of losing financial freedom
The market needs to more adopt for crypto

[easybtcearn2017]

Everything has its good and bad effect. If banks are taking a close observation to crypto currency and taking them in then it is surely good for those who invests in those currencies. But it will have a negative effect too. It will force the market to adapt with crypto currency which is not very famous around the world. Not many people know about it. Then again it is good because it will create awareness among the people about crypto currency which will eventually turn in as more investment in crypto currency which is I think both good and bad for the market.

[doodle07]

It is a great news for us here that cryptocurrency is being accepted by some banks in Switzerland and will soon be accepted by all, cryptocurrency might be legalize and use freely so I am hopeful that more countries will embrace the use of digital currency. Instead of banning it, just regulate it.

[ShutterTeeth]

That's a great news indeed especially for the Swiss users. I hope other banks of the world will develop this facility very soon so that there cryptocurrency user customers get  benefitted

[CripplesPlazma]

We all know that Switzerland has always been keen when it comes to the crypto market and the participation of the banks in the crypto is no surprise as well. But there is no source or links which will suffice that this news is true or not. So; we cannot rejoice just as yet.