RATE Group | Swiss Bank Maerki Baumann to Become Second in Country to Accept Cryptocurrency Assets
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Swiss Bank Maerki Baumann to Become Second in Country to Accept Cryptocurrency Assets

07 Aug Swiss Bank Maerki Baumann to Become Second in Country to Accept Cryptocurrency Assets

Posted at 12:58h in Cryptocurrency News by

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The Maerki Baumann private bank will become the second Swiss bank to accept cryptocurrency assets, financial news outlet International Investment reports August 6.

The private Zurich bank has decided to accept crypto assets from payments received for services rendered, as well as those earned from crypto mining, as a response to new market demands and the rise of cryptocurrencies’ popularity, International Investment writes.

Maerki Baumann noted that they are not ready to provide direct cryptocurrency investments, but will provide “experts” to clients interested in crypto investing. According to their statement, the bank “closely monitors the development” of crypto as an investment vehicle and its “underlying regulation,” noting

“We currently see cryptocurrencies as alternative investment vehicles, but we have limited experience and data (prices, volatility, trading volumes) available in our house.”

However, the bank does state that they “currently advise…

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