SWISS BANK FALCON LAUNCHES CRYPTOCURRENCY WALLET WITH THE ABILITY TO WITHDRAW FUNDS TO FIAT
On January 21st, the Swiss Bank Falcon Private Bank presented support for direct cryptocurrency transfers and storage services for the most used cryptocurrencies within its own digital wallet.
As reported, at the moment Falcon supports four main types of cryptocurrencies: Bitcoin, Litecoin, Ether and Bitcoin Cash.
Falcon also announced the development of its own custodial solution aimed at ensuring the safe storage of digital assets for various classes of investors. Custodial service Falcon was reported to have already passed the audit from third-party providers of financial services, the results of which confirmed the full compliance with safety and local regulations to combat money laundering.
Falcon Private Bank first received permission to manage blockchain assets in July 2017, after the approval of the Swiss Financial Supervisory Authority (FINMA).
