Individual and institutional clients of a private Swiss bank will be able to convert and receive supported cryptocurrencies using separate wallets, as well as convert digital currencies into fiat currency. At the first stage, the service supports only four cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum and Litecoin. The bank also includes digital currencies in its portfolio and tax reporting.
Moreover, the bank offers a cryptocurrency storage service. The bank has passed third-party audition and it meets the anti-money laundering and customer identification requirements.
Recall: Falcon began working with cryptocurrency in 2017. At that time the bank received permission from the Swiss Financial Market Supervision Department.