In a press release from the Swiss Falcon Private Bank, it was reported that the company provides its customers with the ability to perform "direct" crypto transactions, as well as exchange digital money for fiat currency.
On January 21, Falcon Private Bank published a press release stating that now private and institutional clients of the bank can make direct transfers of cryptocurrency, as well as exchange crypto-coins for fiat assets. All operations with banking crypto will take place thanks to the original online banking wallet.
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Falcon Private Bank and work with crypto-assets
As is known, the Falcon Private Bank of Switzerland (with its head office in Zurich) is a private bank that is managed and controlled from Abu Dhabi. The bank was previously a subsidiary of the American Insurance Group "American International Group", but in 2009 it was bought up by the corporation Aabar Investments (Abu Dhabi).
A press release from Falcon Private Bank says that the organization supports work with such cryptocurrency assets: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). The security system of storage, conversion and crypto-transactions, according to representatives of the bank, fully complies with the current AML/KYC requirements.
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Martin Keller, CEO of Falcon Private Bank, commented on the decision to cooperate with cryptocurrency assets: "Falcon once again took the opportunity to demonstrate its experience as a market leader in digital assets by combining traditional private banking services with innovative financial solutions."
Falcon Private Bank announced Start working with crypto-assets. In addition, representatives of the bank said that all offers of cryptocurrencies are fully official and included in tax reports. More detailed information about the crypto-exchange of the bank can be found on their official website, since from January 21, the description is present in the list of services offered.
Editor: Yulia Krasnaya