Swiss banks are open for cryptocurrency activities

August 6, 2018 Cryptocurrency

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Swiss banks open up for cryptocurrency activities "title =" Swiss banks open up for cryptocurrency activities "width =" 740 "height =" 360 "class =" "/> </div> <p><strong> Two Swiss banks accepting money generated by the business involves cryptocurrencies in a move contrary to that which makes most of the banks in the country </strong></p> <p> After Falcon Private Bank, a second Swiss bank has now decided to accept cryptocurrency assets: the private bank Maerki Baumann in Zurich. </p> <p> The bank is offering an alternative to customers who have so far had to take their resources elsewhere and have also responded to new market demands. </p> <p> With an increase in the popularity of cryptocurrencies, many more people have access for money from such transactions, refuse to accept such money anyway. </p> <p> The main reason behind this refusal is that the background of assets can be spotted or difficult to verify for comply with the money laundering legislation. in particular in Liechtenstein. Bank Frick Liechtenstein accepts these funds and provides support with investments in cryptocurrencies. </p> <p> Maerki Baumann does not provide for direct investments in cryptocurrencies. However, it is willing to provide its experienced customers, if necessary. </p> <p> "Maerki Baumann closely monitors the development of these investment vehicles and the underlying regulation without our commitment to engage in this sector, which involves investments in cryptocurrencies and the technologies needed to negotiate and store these instruments. cryptocurrencies as alternative investment vehicles, but we have limited experience and data (prices, volatility, trading volumes) available in our home, "the bank said in a statement. </p> <p> Only crypts active by payments received for a service rendered or by mining successes can be maintained with the bank. </p> <p> Even with the service provided, Maerki Baumann is still skeptical about some investments in cryptocurrency. </p> <p> "In general, we currently do not recommend more investments in cryptocurrencies.The cryptographic currencies are not, in our opinion, suitable for long-term investments because of the uncertainties outlined above." </p> </div> </pre> </pre> [ad_2]<a href=Source link

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