Banking
European banks break ranks over cryptocurrencies
Vontobel, Falcon Bank among lenders agreeing to handle cryptocurrency-based investments on behalf of clients
A handful of smaller European banks are breaking ranks with the rest of the sector by giving investors access to cryptocurrencies and advising on initial coin offerings, despite an intensifying effort by regulators to clamp down on the area.
Vontobel and Falcon Bank, the Swiss private banks, are among the lenders that are agreeing to handle cryptocurrency-based investments on behalf of their clients.
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