The venerable Swiss private banking firm of Bordier & Cie has become the latest bank to jump into the cryptocurrency business, offering its customers a variety of trading and custody services. The move comes as the first phase of Switzerland's new “blockchain law” comes into effect, amending company law and financial market legal infrastructure.
First Facebook tried to distance its toxic name from the Libra stablecoin project it launched and championed by renaming its Calibra wallet Novi in May. Now the Libra Association is following suit, renaming itself the Diem Association in hopes of starting a “new day” for the much-opposed project.
The bank’s CEO, Roman Abdulin, said that the firm has high hopes for the adoption of crypto assets. Saying Gazprombank is “committed to continuous financial innovation” he added that it strives to “offer our clients advanced banking services. ”
Robert Werner "brings a wealth of regulatory, financial crime compliance and enforcement experience from his work in both the public and private sectors,” the Libra Association said on May 19.
