Swiss Gosbank will launch cryptocurrency service

Basler Kantonalbank (BKB) plans to become the first Swiss State Commercial Bank providing services related to cryptocurrency.

BKB division together with the National Bank Panel Bank Cler began to develop products that allow customers to exchange and store digital currency. Representatives of the financial institution say that the work in this direction stimulated the demand increased demand for crypto services.

The project is at the initial stage of development, so BKB has not yet called even the approximate start date and does not specify, with what cryptocurrencies it is planning to work. It is also possible that the bank will offer new products through its subsidiary, which has its own banking license.

This news again confirms that Switzerland is one of the most loyal to cryptocurrency countries. Recall that since June 2020, the local financial regulator began to issue permits to conduct operations with digital assets.

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