March 28, 2024

The first Swiss bank received permission to work with cryptocurrency

The first Swiss bank received permission to work with cryptocurrency

The Swiss InCore Bank was the first business bank to which the local financial regulator (FINMA) allowed operations with digital assets, including cryptocurrency.

Company customers are now free to store,transfer and trade digital assets. The Swiss financial market supervision service also allowed the bank to organize various tokenization projects.

According to representatives of InCore Bank, clients will be able to easily switch to a new asset class without direct interaction with the blockchain infrastructure, but withmaintaining traditional safety standards.

In the coming months, the bank plans to expand the list of products offered by adding broker, depository and transfer services, as well as security tokens.

Let us remind you that due to the introductionquarantine, the Italian bank Banco Sella launched a service that allows clients to buy and sell Bitcoin, as well as make international transfers and pay for goods using it.

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