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Ridam

Swiss Bank Got Approved for Crypto Trading

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On 8/9/2020 at 8:44 AM, Ridam said:

If we talk about the situation some time back, we were seeing a lot of bad response from the financial institution towards Crypto and that were the main problems in the road of mass adoption.

Time goes and now banks are being positive towards Crypto. As US and other countries have allowed banks to provide Crypto custodian service.
The interesting thing is that a private Bank of Switzerland named "Maerki Baumann" has got approved to start Crypto custodian service along with Crypto Trading Service by Swiss  Financial Market Supervisory Authority (FINMA). Initially they would offer trading in BTC, BCH,ETH, XRP, LTC.

Which is really a favour for Crypto industry. And banks have also realized the importance of Crypto currency after many banks being in loss due to the virus issue now.

 

What do you think about it? Are you ready to trade Crypto in your bank account? Any further information is welcomed.

News source-

https://news.bitcoin.com/government-swiss-bank-crypto-trading-custody-services/

Well that's very good news for us. Infact this bank has the facilities of opening an account without any name. After open account , we just get a complex number id as a user. This is just like the cryptocurrency wallet. This steps much more promote the cryptocurrency because this bank has very good reputation and it's completely safe and secure for account holder infact it doesn't reveal their name. After implementing the cryptocurrency steps can also allow users to easy access to their account and the account holders can also start trading with cryptocurrency. Hope some countries will learn from this steps and implement this development.

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That's really great for mass adoption.

There are many other things happening for mass adoption now-a-days tho.

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Very important news and I've missed about this, the Swiss are the center of the banking system and if they decided to allow banks to open trading and custody of crypto then this will have a big impact once the foundations are set. This can take another two years to become widely promoted as a banking practice in all europe but it will be very soon. I expect to see trading desks inside banks and outsourced investment funds rise a lot in Europe and in USA as it is also the same there happening with banks.

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2 hours ago, percare said:

the Swiss are the center of the banking system and if they decided to allow banks to open trading and custody of crypto then this will have a big impact once the foundations are set. This can take another two years to become widely promoted as a banking practice in all europe but it will be very soon. 

Despite of being custodial service I guess they are taking greater steps for adoption. Yes, other Countries of EU will also take care of the situation that Swiss Banks faces and later other banks will also start promoting such practices if they see profit good there. It could be a innovative example for other nations to give an eye.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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Banks finally start understanding that cryptocurrencies are no game and they can't force anyone not to use them. Even banks that were against Bitcoin are now changing and want to have a part by adding cryptocurrencies in investment plans they offer. 

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one bank will not have such a big impact on the market, but when huge banks like JP morgan get into bitcoin and actually start investing then we will be flying beyond 20k

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On 09.08.2020 at 06:14, Ridam said:

The interesting thing is that a private Bank of Switzerland named "Maerki Baumann" has got approved to start Crypto custodian service along with Crypto Trading Service by Swiss  Financial Market Supervisory Authority (FINMA).

As for Maerki Baumann I could find even a separate section for crypto - "Blockchain and crypto companies". 
They provide the following services: 

- Corporate accounts;
- ICO/STO services;

- Trading and custody of digital assets.
That's awesome.

On 09.08.2020 at 06:14, Ridam said:

What do you think about it? Are you ready to trade Crypto in your bank account? Any further information is welcomed.

I personally still not ready to trade in my bank account in regular terms. I would prefer just investing into crypto directly at my bank account since I can see not only benefits but shortcomings too.   

On 09.08.2020 at 06:14, Ridam said:

By the way, the source your provided refers also to Incore Bank that was also approved by FINMA.

 

 

 

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Well, I don't think I am ready to trade cryptocurrencies in my bank account because this field has already been built, we have many reliable, centralized and decentralized exchange platforms, and I see that there is no point in having cryptocurrencies in a bank account while I can keep cryptocurrencies in my own wallet. Owning private keys.

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On 8/26/2020 at 12:46 PM, rekter said:

Well it's against the whole "be your own bank" libertarian ideology, but at least they are offering a service that's going to be insured and you have now armed guards protecting your account. And that's the biggest problem in crypto. When people are in charge of their own money, they will often lose it to hackers.

i dont know why people always talk about not wanting banks to get involved in crypto, being your own bank doesn't mean banks should invest or get involved in crypto, being your own bank means you being responsible of the security of your money and responsible of sending and receiving as well.

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4 hours ago, Naga said:

i dont know why people always talk about not wanting banks to get involved in crypto, being your own bank doesn't mean banks should invest or get involved in crypto, being your own bank means you being responsible of the security of your money and responsible of sending and receiving as well.

Maybe something got lost in translation because i already included that info. I was just explaining it further, saying that there are dangers being your own bank and because only you are responsible of your money.

 

And in comparison there's a real bank where you have to trust them to keep your money safe and insured. Because they have actual resources to do so and history of doing that even against heists.

 

That is, if you trust them of course.

 

In short: I was just critizing the bitcoin freedom ideology of "being your own bank", because it has obvious dangers in it for the common user at the moment.

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I have heard of many banks wanting to offer many crypto trading and holding offices for their clients but I don't remember about a Swiss bank, this is very bullish to know as Switserland is the center of the banking system and this will help everyone of us to decide and hold for more and maybe in a few years crypto will become extremely popular.

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I am impressed with the latest interest on cryptocurrencies. This seem to be massive and we read about news from banks companies investments and all that handle big money that want to be in the cryptocurrencies and make more business with these.

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I don't know whether this is a possible attempt by Swiss banks to mitigate potential money laundering.

But people are certainly reluctunt to be keeping the savings if fiat, thats for sure - the maximum that they can cover with the % increase is the raising inflation rate.

And if you remember - during the months of April-May some EU banks in fact were giving a -% for savings accounts.

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Adoption is happening on a larger scale than in the past and still I keep reading some posts even in this forum asking question if crypto is a scam. This is getting ridiculous easy decision to buy Bitcoin and risk a lot more than the small investment but go big and there are people even with experience that don't understand anything.

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I see that cryptocurrencies have become a reality, and this is what banks have noticed, and these banks are now working to introduce cryptocurrencies into their dealings.
As for me personally, I will not trade in cryptocurrencies in any bank because my cryptocurrencies will be monitored in addition to fees and taxes, this is in addition to the bureaucracy that characterizes bank transactions, and thus trading in cryptocurrencies lose their characteristics and advantages and become centralized just like regular money and cash
 
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I am happy to read about this, it is very exciting times to be in crypto and I'm glad to have started this journey too! This is one of the most important news I've read and I thank cryptotalk and this very good member to bring me this information. I'm more sure than ever now about the future of cryptocurrencies!

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Traditional financial institutions are afraid of losing the monopoly that took place for centuries, and that is why they see cryptocurrencies as a big problem. They also believe that they will lose power over users, where they have us controlled by means of loans and the constant issuance of fiat money. Banks realized that if they do not adopt cryptocurrencies as an ally, they are going to lose a lot of ground, because all of us believe that it is better to have our crypto in our possession, than to give it to a bank. It is much better to have a nano ledger where only we know the password to use it, than to leave all our money in a bank. Although many people do not know how to use technology, they are the ones who are going to keep the cryptos in the banks, and that is going to be that millions of people start using them as a way of saving.

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Hello, good morning. It is great news that traditional banks are getting closer to the world of cryptocurrencies. Bitcoin is unstoppable. The adoption of digital assets is spreading all over the world very quickly. In the United States, the Kraken exchange launched a crypto bank. In addition, there are more and more Bitcoin ATMs, and many businesses now accept crypto currencies to purchase goods and services. Best regards.

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This is very cool! As always, Europe is very pleasing to the eyes, because they always strive to develop in the crypto industry , put forward some new technologies, and go to the meeting of perfection! This is very cool! I believe that this can be a great success, and we can expect a great rise in cryptocurrency!

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On 10/15/2020 at 6:36 PM, TimopheyKa said:

 and we can expect a great rise in cryptocurrency!

Yes @TimopheyKa this will give positive feedback to the other countries of Europe. As these days mass adoption is getting support from all around the globe, Europe is doing  most impressive among them. Personally I think future is with Crypto and Blockchain.


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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I am also read more exciting news about JP Morgan bank that wants to begin trading of Bitcoin and use it on investments. I am very hoping to see this in action and we are need banks to enter the game load up and make Bitcoin fly to the moon.

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it's not good to trade crypto in banks, because investing in a bank comes with a degree of security are now jumping on board

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In his opinion, by the end of 2024, the first cryptocurrency will cost $125,000-135,000, and one of the catalysts will be the high level of US government debt. "Our macroeconomic climate continues to confirm the need for bitcoin. Undoubtedly, US government debt is out of control. [...] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.   He also noted that the US dollar is losing its position as the world reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a means of manipulation. "Thus, the US debt crisis is one, foreign policy and sanction control is two. And BRICS offers alternative payment systems. [...] This is the story of why bitcoin exists," he concluded.   At the time of writing this review on the evening of Friday, 14 June, BTC/USD is trading at $65,800. The total crypto market capitalisation is $2.38 trillion ($2.54 trillion a week ago). Bitcoin's capitalisation has reached a solid $1.30 trillion, which, as experts warn, reduces the effect of future inflows. Pessimists say the asset is already "overheated," and to reach $125,000, its capitalisation must almost double. In their opinion, such a colossal influx during the overbought period is unlikely, so one should expect a correction and subsequent consolidation. The possibility of such an outcome is also hinted at by the Bitcoin Fear & Greed Index: over 7 days, it fell from 77 to 70 points and moved from the Extreme-Greed zone to the Greed zones. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Готовимся к лаунчпаду Stage.                                      Stage — первая музыкальная платформа с использованием искусственного интеллекта и цифровых инструментов для токенизации музыкальных элементов, пионерская в интерактивном и инвестиционно ориентированном взаимодействии с музыкой.Инфа о проекте:   $2.4 млн. привлечено от венчурных инвесторов; Платформа SocialFi с RWAs; Доступна токенизация музыкальных элементов; Более 13 миллионов подписчиков благодаря сделкам с амбассадорами.Команда проекта анонсировала запуск токена $STAGE совместно с ведущими лаунчпадами: ChainGPT, Decubate и Eesee.   Помимо этого, проект запустил розыгрыш 5,000$ в токенах $STAGE. Все как обычно, необходимо выполнить легкие социальные задания и ждать результатов, советую испытать удачу. Розыгрыш — здесь.   Следим за проектом:Website | Twitter | Telegram | Discord
    • Bernstein, фирма по управлению активами с активами на сумму более 750 миллиардов долларов, удваивает прогноз цены на биткойн, повышая свою цель на 2025 год со 150 000 до 200 000 долларов.   Прогноз на 2033 год составляет ошеломляющий 1 миллион долларов. Аналитики компании в пятницу поделились своим прогнозом цен на флагманскую криптовалюту. В записке для клиентов исследовательская фирма заявила, что ожидания роста спотовых биткойн-ETF представляют собой бычий катализатор. «Мы считаем, что регулируемые США ETF стали переломным моментом для криптовалют, который вызвал структурный спрос со стороны традиционных пулов капитала», — отметили Гаутам Чугани и Махика Сапра из Bernstein.   С момента своего торгового дебюта в начале января спотовые биткойн-ETF зарегистрировали чистый приток более 15 миллиардов долларов. По мнению аналитиков, к 2025 году глобальный рынок спотовых биткойн-ETF может вырасти и составить примерно 7% оборотного предложения BTC. Цена BTC достигнет $1 млн к 2033 году Как и на спотовом рынке ETF, аналитики Bernstein утверждают, что Биткойн находится в новом бычьем цикле. Недавнее сокращение вознаграждения за блок вдвое, в результате которого ежедневная эмиссия сократилась примерно с 900 биткойнов до 450 биткойнов, является еще одним фактором, отметили они, написав, что взрыв спроса на фоне продолжающегося шока предложения может привести к тому, что цена BTC превысит 200 тысяч долларов к середине-концу следующего года. . Аналитики также ожидают, что к 2033 году спотовые биткойн-ETF будут составлять примерно 15% оборотного предложения «цифрового золота». восемь лет. Гаутам Чхугани и Махика Сапра прогнозируют, что к концу 2029 года Биткойн будет стоить 500 000 долларов, а к 2033 году — более 1 миллиона долларов. Бернштейн также инициировал освещение акций MicroStrategy, присвоив им рейтинг «выше рынка» с целевой ценой в $2890 к концу 2025 года.   MicroStrategy (MSTR) — это компания облачной аналитики на базе искусственного интеллекта, которая в настоящее время владеет 214 400 биткойнами. Компания объявила о продаже конвертируемых облигаций на сумму 700 миллионов долларов, выручка от которой будет направлена на покупку большего количества BTC.   
    • Genesis Drop LayerZero         Мысли Bryan Pellegrino на тему распределения... Дропов будет несколько. На первый в рынок попадет 8,5%, из который основной дроп 5%, 3% RFP и 0,5% комьюнити пул. Далее на дропы будет выделено еще 15,3% на протяжении 3 лет с распределением каждые 12 месяцев, что было очевидно после снепшота №1.3M кошельков с 1-5 tx сбреют вероятнее всего. После фильтрации sybil предварительно останется 1М адресов. Точнее сегодня будет инфа по sybil спискам.Раздачу он видит в широком диапазоне от 25 до 10к токенов на адрес (разница в 400 раз), где максималку получат в районе пары сотен кошельков, в зависимости от выбранной конечной модели распределения. На сумму аирдропа на кошелек будет влиять сожженый газ. Кстати можете чекнуть свой кошелек на предмет сожженого газа в dune. Чем больше сожгли, тем больше вероятный дроп.Total supply токенов будет 1B. Но это в принципе мы итак знали.....Ну и ждем 20 июня. Дату анонсировали в LayerZero Labs. Это предполагаемая дата airdrop.
    • ♦️Биржевой аналитик Bloomberg Эрик Балчунас заявил о переносе даты запуска спотовых Ethereum-ETF на 2 июля после получения эмитентами комментариев по формам S-1. По словам эксперта, комментарии «довольно простые, ничего серьезного». Поэтому Комиссия по ценным бумагам и биржам США (SEC) ожидает обновленные формы S-1 через неделю. 🔻«Примечание: наша предыдущая ожидаемая дата [запуска ETH-ETF] — 4 июля, так что это небольшой сдвиг. [Ранее] мы начали чувствовать, что это займет больше времени, так что это хорошие новости», — пояснил Балчунас. 🔺У него также спросили, сколько нужно времени на запуск торгов Ethereum-ETF после одобрения форм S-1. По словам аналитика, обычно это происходит на следующий день. 13 июня глава SEC Гэри Генслер отметил, что ожидает окончания бюрократических процедур для старта торгов Ethereum-ETF до конца лета. источник:https://forklog.com/news/analitik-soobshhil-o-perenose-daty-zapuska-spotovyh-ethereum-etf ——————————————————— ОБМЕНЯТЬ  / ПОМОЩЬ  / БОНУСЫ  / ОТЗЫВЫ
    • 15.06.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.3% (Мы доплачиваем) USDT  +1.3% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.5%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  +3.3%  USDT   +3.3%    Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • Президент Сальвадора, выступающий за биткойн, Найиб Букеле предлагает создать в стране частные инвестиционные банки, которые в случае одобрения будут предлагать биткойны. Это облегчит доступ инвесторов к финансовым услугам и уменьшат ограничения по сравнению с традиционными банками.   «В рамках нашего экономического плана для Сальвадора мы предлагаем создать BPI, Банк частных инвестиций, где мы сможем диверсифицировать варианты финансирования, предлагаемые потенциальным инвесторам в долларах и биткойнах», — написала посол Сальвадора в США Милена Майорга в своем сообщении. Сообщение от 14 июня на X. «Президент Букеле приступает к работе в новом сроке с новым законодательством о создании Биткойн-банка», —  добавил в тот же день старший советник по биткойнам Букеле Макс Кайзер, отметив прогноз генерального директора Ark Invest Кэти Вуд о том, что реальный ВВП Сальвадора «может вырасти в 10 раз». в два раза в течение следующих пяти лет» стало лишь «более вероятным». Найиб Букеле недавно был приведен к присяге на второй пятилетний президентский срок. Источник: Президентский дом.   Это произошло всего через две недели после того, как Букеле был приведен к присяге на очередной пятилетний президентский срок после убедительной победы на выборах в феврале. У Банка Частных Инвестиций не будет всех тех же «запретов» в банковском законодательстве По данным El Mundo, BPI не столкнется с такими же строгими законами, как традиционные банки, такими как ограничения на взаимодействие с зарубежными банками или финансовыми компаниями, «связанными со своими акционерами или бизнес-группами». Ограничения по кредитам также будут сняты. «Инвестиционные банки также не будут подвергаться запрету «предоставлять кредиты или принимать на себя риски более чем на 25% своего фонда активов в отношении одного и того же лица», — говорится в отчете от 14 июня . В случае одобрения новые частные инвестиции «должны быть созданы» с минимальным акционерным капиталом в 50 миллионов долларов и требуют как минимум двух акционеров, которые могут быть иностранцами.   Было подтверждено, что BPI сможет работать с любым законным платежным средством, включая доллар США и биткойн, и даже получать разрешение на то, чтобы стать поставщиком цифровых активов и услуг биткойнов. Министр экономики Сальвадора Мария Луиза Хайем предложила реформу Комиссии по технологиям, туризму и инвестициям под руководством Букеле. Однако оно еще не утверждено. «Реформа не была одобрена; Законодатели еще не согласились пригласить чиновников для ознакомления с целями проекта и не поставили его на голосование в Комиссии», — добавили в нем.
    • Власти Нигерии сняли ряд обвинений с исполнительного директора BinanceФедеральная налоговая служба Нигерии сняла налоговые претензии с исполнительного директора Binance Тиграна Гамбаряна и его коллеги Надима Анджарваллы.Тем не менее паре по-прежнему предъявлены обвинения в отмывании денег со стороны Комиссии по экономическим и финансовым преступлениям Нигерии. Рассмотрение дела должно возобновиться 20 июня.Семья Гамбаряна продолжает настаивать на фиктивности предъявленных ему обвинений и требует его освобождения, особенно, на фоне проблем со здоровьем. Известно, что 23 мая один из топ-менеджеров Binance потерял сознание прямо в зале суда. Врачи диагностировали у него малярию.Адвокаты подсудимого заявляют, что в настоящее время состояние их подзащитного ещё больше ухудшилось. При этом тюремные власти отказываются предоставлять информацию о самочувствии заключённого.Несмотря на постановление судьи Эмеки Нвите немедленно отправить Тиграна в больницу, тюремным властям потребовалось 11 дней, чтобы доставить его на краткий осмотр. Тюрьма не разрешает передавать результаты этого обследования в больнице его семье, адвокатам или посольству США.В марте Надим Анджарвалла сбежал из-под стражи в Нигерии, используя свой кенийский паспорт. Позже его выследили и арестовали в Кении, теперь ему грозит экстрадиция в Нигерию.
    • Добро пожаловать в Cryptoflow.cloud - Ваше решение для криптоплатежей! 🔹 Поддержка множества криптовалют Cryptoflow.cloud поддерживает самые популярные криптовалюты, включая Биткоин, Монеро, USDT и Трон. Теперь ваши клиенты могут оплачивать покупки удобным для них способом! 🔹 Легкая интеграция с API С нашим удобным и понятным API, интеграция криптоплатежей в ваш онлайн-магазин или сайт станет проще простого. Быстрое подключение и минимальные усилия - это реальность с Cryptoflow.cloud. 🔹 Быстрое подключение магазина Начните принимать криптовалюту уже сегодня! Наши решения обеспечивают быстрое и беспроблемное подключение вашего магазина к нашей системе. Получайте платежи в криптовалюте без задержек и сложностей. 🔹 Высокая безопасность Безопасность ваших транзакций - наш приоритет. Мы предлагаем надежные методы защиты данных и предотвращения мошенничества, чтобы вы могли быть уверены в безопасности своих средств и информации. 🔹 Эффективная обработка транзакций Наслаждайтесь мгновенными платежами и быстрыми подтверждениями транзакций. С Cryptoflow.cloud ваши клиенты получат наилучший опыт использования криптоплатежей. Присоединяйтесь к нам и откройте новые возможности для вашего бизнеса с Cryptoflow.cloud! 📩 Свяжитесь с нами для получения дополнительной информации и начните принимать криптовалютные платежи уже сегодня!
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