Based in Zurich, Falcon Private Bank provided private and institutional clients with the possibility of direct cryptocurrency transfers between “segregated wallets” and exchanging for fiat funds. This is stated in the press release of the organization.
Note that Falcon Private Bank supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
At the same time, the bank stressed that digital assets are included in the organization’s portfolio and tax records.
In addition, Falcon Private Bank has developed a custodial solution, which allegedly successfully passed an independent audit.
We add that, according to representatives of the bank, all cryptocurrency services of the organization fully comply with the regulation in the field of AML / KYC.
Recall that in early 2018, Falcon Private Bank offered clients a way of investing capital earned in cryptocurrency trading that is compatible with AML legislation.
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