Switzerland is globally recognized for banking practices. The country has been one of the most welcoming to digital currency business and enthusiasts. For example in Zug, the Swiss “Crypto Valley”, there are many digital currency businesses operating within in the region.
In this advanced and pioneering environment, Zurich-based Falcon Private Bank announced a few days ago that the FINMA (Swiss Financial Market Supervisory Authority) provided the bank the possibility to manage assets based on the blockchain technology behind Bitcoin and other digital currencies.
Arthur Vayloyan, Falcon’s global Head of Products and Services, said in a statement that “We are proud to be the first-mover in the Swiss private banking area to provide blockchain asset management for our clients.”
Falcon Private Bank has also placed a bitcoin ATM in its Zurich headquarters lobby that lets clients to withdraw bitcoin to their personal wallets.
With this announcement, Switzerland confirms to be one of the most innovative hub for the entire Blockchain ecosystem.