The Switzerland’s private financial institution Falcon now stores and trade bitcoins through their cash holdings as it was proffered an affiliation with cryptocurrency broker Bitcoin Suisse. They are deemed to be the primary in the private banking to provide blockchain asset management for clients in Swiss according to the global chief of Falcon. The Zurich-based bank has dealt with a Malaysian corruption scandal and this expansion of services is part of their strategic “repositioning”. Their bitcoin services is being regulated by the Swiss Financial FINMA. Even though more investors are still dubious in bitcoins, this reflects that the virtual currency is developing amid a slow-paced asset management environment but has the potential to contend for gold and state-issued money in value.
