This is the first such case. Falcon Private Bank is a small investment bank whose head office is in Zurich, Switzerland. The bank serves only rich clients. The Chief Executive Officer of the bank has stated that many of their clients have shown an interest in investing in Bitkine and the bank has taken the appropriate steps to meet this request. FINMA, the Swiss financial supervision organization, has given a positive response to the Bank's inquiry whether it can offer this service to its clients.
Swiss bank is the first to offer bitcoin to its richest clients
"We have various clients that are interested in buying bitcoin for investment purposes, and we're making it very convenient for them," says Arthur Vayloyan, global head of products and services at Falcon. Because Falcon will be buying and storing digital coins, its customers will not need any specialist knowledge to switch their cash into bitcoin. The Swiss financial authority, FINMA, has granted Falcon regulatory approval on 11/07.