Swiss bank Maerki offers services to cryptocurrency firms

posted 11 days ago
Zurich-based private bank Maerki Baumann has agreed to form banking partnership with cryptocurrency firms, solving a pain point for companies that operate in this industry. Previously, fellow Zurich institution Falcon Private Bank was the highest-profile Swiss bank offering services to blockchain companies.

Unlike Falcon, Maerki Baumann does not currently plan to offer cryptocurrency asset management or custody services. The bank recently published a report on cryptocurrencies in which it said it is “keeping an eye” on this asset class. From the report: “Maerki Baumann is keeping an eye on the development of these investment instruments and the corresponding progress on the regulatory side... Maerki Baumann is generally prepared to accept funds generated through cryptocurrencies, be it through speculative transactions or in the form of payment received for services provided or from mining profits."
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