Swiss Bank Got Approved for Crypto Trading

[Ram96 17]

This is a nice thing because when banks adopt cryptocurrencies, you only have to go to the banks once, when you send your account to the bank and give the necessary documents, and this is really cool now that most people turn to Swiss bank

[Goyaa 2414]

On 8/9/2020 at 10:14 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/

In my opinion, this is very good news for people in Switzerland, this is part of the bank's adoption of cryptocurrency as the right step to facilitate fiat transaction services and buying and selling between fiat and cryptocurrency. During a pandemic like now, many people have turned to investing in cryptocurrency so banks need to incorporate crypto into their market to make a living.