Falcon Private Bank will allow transfers of cryptocurrencies

The Swiss-based bank included among its services direct transactions and storage of digital currencies

The financial institution specified that both private clients and public institutions will be able to make transfers of the main cryptographic currencies from and to the wallets of Falcon Private Bank.

Among the digital currencies that can be commercialized are bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC) which will be found in the statements of the bank’s portfolio and in the fiscal reports. Also, users can convert these assets into fiat money.

In the document published by the bank mention is made of a patented custody solution, which will help to provide security for the storage of cryptocurrencies. This system complied with the audit requirements and was examined by external suppliers.

Likewise, the consortium is faithfully committed to local regulations against money laundering and the “Know your customer” policy to get even closer to the users.


Source: Coincrispy

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