2018-6-12 01:52 |
Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies.
With the exception of the Falcon Private Bank, which offers asset management services, Hypi will be the first Swiss bank to open its arms to the crypto community.
She said the bank had studied the relevant compliance issues and risks associated with the industry, in addition to informing the Swiss regulators before deciding to work with crypto companies.
The announcement from Hypothekarbank Lenzburg comes some few days after the Swiss Blockchain Taskforce launched a petition calling for “bank accounts for blockchain companies.”
The Swiss city of Zug, known as “Crypto Valley” will also conduct its first municipal vote using a blockchain on June 25, 2018.
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