Switzerland’s Falcon bank launches crypto transfers

posted 3 months ago
Switzerland based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies. The bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution's own “segregated Falcon wallets,” as well as convert crypto into fiat money.

Falcon reportedly only supports major cryptocurrencies such as Bitcoin & Litecoin. With the recent move, Falcon claims its has made blockchain assets “fully bankable,” with the select cryptos being included in the bank’s portfolio statements, as well as in tax reporting documents.
Tags: bitcoin, news