Swiss Bank Becomes First in Country to Offer Business Accounts to Crypto Companies

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Hypothekarbank Lenzburg has become the first bank in Switzerland to provide business accounts to blockchain and cryptocurrency companies, Cointelegraph auf Deutsch reported June 6. 

 "As a bank that sets itself up technologically and pursues a cooperative strategy in the field of fintech, it is also a matter of credibility to work together with the young sector of crypto and blockchain companies in Switzerland". 

 Wildi noted that she was aware of "the money laundering problem in the area of ​​crypto companies and Initial Coin Offerings (ICOs)”. The bank reportedly examined the relevant risk and compliance issues "very precisely," in addition to informing the Swiss Financial Market Supervisory Authority (FINMA) before deciding to cooperate with crypto startups. 

Article: https://cointelegraph.com/news/swiss-bank-becomes-first-in-country-to-offer-business-accounts-to-crypto-companies

We are gradually advancing in the crypto sphere, it might take a couple of banks to get on board with crypto and the rest will follow. HODL tight, seat on your crypto and hold your position this space is getting exciting by the day!