Falcon Private Bank Private Bank customers can now transfer select cryptocurrencies into their own crypto wallet and make withdrawals in fiat cash. The Switzerland-based bank has introduced support for transfer and storage for bitcoin, bitcoin cash, ethereum and litecoin, making blockchain assets "fully bankable". Falcon Private Bank, which was first authorised to manage blockchain-based assets in 2017, also stated that its crypto service is fully compliant with anti-money laundering and know-your-customer regulations.
Falcon Private Bank customers can now transfer select cryptocurrencies into their own crypto wallet and make withdrawals in fiat cash. The Switzerland-based bank has introduced support for transfer and storage for bitcoin, bitcoin cash, ethereum and litecoin, making blockchain assets "fully bankable". Falcon, which was first authorised to manage blockchain-based assets in 2017, also stated that its crypto service is fully compliant with anti-money laundering and know-your-customer regulations.