Hypothekarbank Lenzburg has become the first Bank in Switzerland, announced its readiness to provide the possibility of opening a business account on blockchain and cryptocurrency companies.

General Director of Hypothekarbank Lenzburg, Wilde Marianne (Marianne Wildi) stressed that the Bank is aware of “the problem of money laundering in kriptonyte”. Therefore, the financial company has carefully studied issues related to risk and compliance. Also before you start cooperation with CryptoStream Bank announced its decision of the Swiss service for supervision of financial markets (FINMA).

It should be noted that Hypothekarbank Lenzburg suitable for reception of new clients very selectively and conducts a thorough check of each candidate. According to Wilde, at the moment among their customers until only two crypto-companies.

“For us, as for the Bank, positioning itself as a technology and adhering to the cooperative financial technological strategy to work with a young sector crypto and blockchain-companies, it is a question of credibility,” he said Wildi.

We will remind that last year the Swiss private Bank Falcon Private Bank has provided its customers with the ability to buy and store in their accounts Ether, Litecoin and Bitcoin Cash. However, the decision Hypothekarbank Lenzburg was a very significant step in the direction of the cryptocurrency market.

The fact that Switzerland already has its own “Cryptocoryne” (Canton Zug), which is a global centre for members of kryptonyte. However, because of the policy of local banks, a large number of crypto-startups based in the country, forced to resort to services of foreign companies.