Swiss Bank About to Open Accounts for Crypto and Blockchain Organizations
June 8, 2018
Hypothekarbank Lenzburg became the first bank in Switzerland that provides bank accounts for organizations involved in blockchain and crypto industries.
The bank’s CEO Marianne Wildi states, they plan collaborating with the largest possible number of reliable financial technical companies, namely, the crypto industry.
Wildi stressed, she realizes the risks of money laundering in this field yet assured all of them are assessed and all regulators are informed on the issue.
Note that despite the bank wants to progress in this industry, it is overparticular about its clients. Hypothekarbank Lenzburg has developed specific procedure a crypto company must undergo to open its account in the bank.