Swiss bank Maerki Baumann will start accepting cryptocurrency 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 sector and its regulation for investment purposes. In a press release on Monday, the company said that it is “looking into how we can use blockchain technology as an alternative means of payment with our clients.”
Swiss bank Maerki Baumann will start accepting cryptocurrency 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 sector and its regulation for investment purposes. Meanwhile, Hypothekarbank Lenzburg 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 blockchain-based cryptocurrencies last year.