Swiss bank Bank Baumann will start accepting new assets for services rendered and also earned from cryptocurrency mining , according to International Investment . The private bank will not provide direct cryptocurrency investments and warned against large investments in cryptocurrencies , but will monitor the currency and its regulation for regulatory purposes . According to their statement, the bank “closely monitors the development” of crypto as an investment vehicle and its “underlying regulation,” noting “We currently see cryptocurrencies as alternative investment vehicles, but we have limited experience and data (prices, volatility, trading volumes) available in our house.” Meanwhile , Hypothekarbank has launched company accounts for blockchain and crypto - related fintech companies this summer , while the Falcon Private Bank received regulatory approval to manage bitcoin and other cloud - based assets last year .
Swiss bank Bank Baumann will start accepting new assets for services rendered and also earned from cryptocurrency mining , according to International Investment . The private bank will not provide direct cryptocurrency investments and warned against large investments in cryptocurrencies , but will monitor the currency and its regulation for regulatory purposes . Meanwhile , Hypothekarbank has launched company accounts for blockchain and crypto - related fintech companies this summer , while the Falcon Private Bank received regulatory approval to manage bitcoin and other cloud - based assets last year .