Swiss Private Bank Falcon support Crypto A ssets
Falcon a private bank, Switzerland based supports crypto wallets and withdrawals to paper currency.
Falcon Bank, the first step in blockchain banking, has supported cryptocurrencies transfers and storage in their wallets, stated in a press release.
The bank has given services for both individuals and institutional capitalists. Any client or investor can transfer most of the major cryptocurrencies to their separated Falcon wallets and in addition to convert cryptocurrencies into fiat currency.
In a statement, Falcon stated that now we only support major cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum. In the future, it may add more cryptocurrencies.
Falcon wants to make cryptocurrencies fully bankable. The bank wants to make crypto assets in the portfolio statements and also in tax paying documents.
Martin Keller, CEO Falcon Private Bank, said:
“Falcon has once more seized the opportunity to demonstrate its expertise as a market leader in the digital assets space by merging traditional private banking services with innovative financial solutions.”
The clients can put trading orders easily via e-banking or else provided dedicated customer care. As well as Falcon bank also provides “proprietary custody solution” to safe storage of clients’ digital assets. The bank’s custodial services have been audited and inspected by intermediary providers.
Falcon bank resembles a traditional bank fulfilling the government’s laws and regulations. It is abidance with AML (Anti-Money Laundering) and KYC (Know Your Customer). Falcon’s covers multi-level security for hardware, transaction practices, and software.
Falcon Bank is a first approved bank to handle blockchain-based possessions in 2017. It also got approval from the Swiss Financial Supervisory Authority (FINMA). Recently some banks also started using ripple coin in their cross-border transactions. So, the banks may favor to digital assets in coming days.
