Swiss government-owned financial institution PostFinance has revealed plans to enable its customers to access cryptocurrencies through a collaboration with regulated digital asset services provider Sygnum Bank.
PostFinance’s 2.5 million clients are soon set to be able to buy, store, and sell major digital assets like Bitcoin and Ether, with additional ones set to be added in the future. Switzerland’s approach to crypto significantly differs from countries like the U.S., where efforts to suppress the crypto market appear to be the primary objective.
Sygnum, a crypto-focused bank that secured a banking license from Swiss regulators four years ago, serves various institutions, including Cantonal and private banks.
PostFinance’s Chief Investment Officer Philipp Merkt has said in a statement that digital assets have “become an integral part of the financial world,” and added its customers “want access to this market.”
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- Source: https://www.cryptocompare.com/email-updates/daily/2023/apr/05/
