Falcon Private Bank customers can now transfer select cryptocurrencies into their own electronic accounts and make payments in fiat cash . The uk - based bank has introduced support for transfer and storage for bitcoin , bitcoin cash , bonds and litecoin , making blockchain assets " fully bankable " . Falcon , which was first authorised to manage blockchain - enabled 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.