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Banking Bitcoin: Swiss Regulator Approves First Crypto Investment Fund, First Digital Asset Custodian

Banking Bitcoin: Swiss Regulator Approves First Crypto Investment Fund, First Digital Asset Custodian



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6 Comments

  1. From a legal standpoint, it may make more sense to delegate custody to liable professionals especially if we talk about HNWI investors and millions/billions of usd equivalent. I’m not sure I would hold my own private keys if such huge amounts of fiat or bitcoin were involved I I do own my private keys and i agree with the general principle of not your keys not your coins but there are limits to how diligently you can safekeep your coins and trust yourself. Owning your coins means you have complete control but then also complete responsibility.

  2. tldr; Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first investment fund of its kind in the country. SEBA Bank has been granted a new CISA license to act as an institutional-grade “custodian bank for Swiss collective investment schemes”. The new license will enable mutual funds to give investors direct, liquid exposure to cryptocurrencies.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. From a legal standpoint, it may make more sense to delegate custody to liable professionals especially if we talk about HNWI investors and millions/billions of usd equivalent. I’m not sure I would hold my own private keys if such huge amounts of fiat or bitcoin were involved I I do own my private keys and i agree with the general principle of not your keys not your coins but there are limits to how diligently you can safekeep your coins and trust yourself. Owning your coins means you have complete control but then also complete responsibility.

What do you think?

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