Swiss Post's banking arm developing in-house crypto custody platform
— Service, Developing, Cryptocurrency, Access, Crypto, Trading, Markets, Posts, Country, Platform — 1 min read
Switzerland's Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance. 2.6 million users currently bank with the bank are expected to be able to buy and sell Bitcoin and other cryptocurrencies through an inhouse trading and custody service in the next two years. The move comes as Switzerland continues to be a center for cryptocurrency and blockchain adoption. The Swiss Central Bank has had a mixed attitude toward the development of a central bank digital currency (CBDC) Project Helvetia was launched to pilot the use of a CBDC with commercial banking partners in the country while its governing board was still considering potential risks. The town of Lugano recently announced the acceptance of Bitcoin, Tether (USDT) and LVGA tokens as a recognized means of payment for taxes, public services Source