From 2021, the Swiss Bank Basler Kantonalbank will start providing services for cryptocurrency trading and storage through its subsidiary Bank Cler. This is the first time that a Swiss government-backed company enters the digital asset market, Finews reports, citing a local publication.

Bank Cler spokeswoman Natalie Waltmann said that the parent company also plans to give customers the opportunity to work with cryptocurrency in the future. But first, bitcoin and other digital money must be tested in Bank Cler, where the center of digital competence is formed.
On July 22, us National banks received approval to store cryptographic keys from cryptocurrency wallets. The corresponding permission was issued by The office of the Comptroller of the currency (OCC) within the us Treasury. The Agency's letter States that banks can provide more secure custody solutions than existing offers on the market.