European banks like Spain\u2019s BBVA and Germany\u2019s Hauck & Aufh\u00e4user both stated their readiness to launch crypto-related custodial and investment services at the beginning of 2021.Spain\u2019s BBVA, for example, announced that it\u2019s going to offer cryptocurrency trading and custody services. According to rumors, BBVA may launch its crypto custodial services around Christmas, but another more conservative option about January 2021 also exists.Despite the rumors, the second-largest commercial bank in Spain, with $840 billion in assets, is ready to set out the base for its crypto-related services on Swiss ground. Switzerland became a preferred place for crypto-related businesses, as the country has clear digital currency regulations, watched closely by the Swiss Financial Market Supervisory Authority (FINMA).The bank also signed a partnership with SILO for establishing the crypto custody platform, which, with the added regulatory approval by the FINMA, would allow BBVA to offer its crypto custody services across all of Europe.Meanwhile, German banks have also set their eyes on the crypto space, as one of the oldest banks in Germany \u2014 Hauck & Aufh\u00e4user, would launch a crypto investment fund in 2021. This move would allow institutional and semi-institutional investors to invest in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Stellar Lumens (XLM).The 224-year-old banking institution partnered with German fintech company Kapilendo in developing and launching the \u201cHAIC Digital Asset Fund I.\u201d Kapilendo would be used as a crypto asset depository, while Hauck & Aufh\u00e4user would be responsible for the fund management.However, the bank set high entry requirements, as investors have to deposit at least \u20ac200,000 ($242,000), according to a report from Fundview. Also, the bank would charge a 2,05% fund management fee, calculated on the total fund volume.Hauck & Aufh\u00e4user disclosed that the fund would offer coverage for 85% of the entire cryptocurrency asset market while applying\u2026<\/p>","protected":false},"excerpt":{"rendered":"
European banks like Spain\u2019s BBVA and Germany\u2019s Hauck & Aufh\u00e4user both stated their readiness to launch crypto-related custodial and investment services at the beginning of 2021.Spain\u2019s [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/2951"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=2951"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/2951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=2951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=2951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=2951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}