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Reports this Wednesday suggest that the Julius Baer Group is launching its first cryptocurrency product. The asset manager, one of the oldest banking institutions in Switzerland, is arguably the largest asset manager now offering a cryptocurrency product.
Company documents indicate that the asset manager is using Block Asset Management to aid it in its product launch. Block Asset Management is a cryptocurrency investment management firm.
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The product will not be subject to authorisation by the Swiss Financial Market Supervisory Authority (FINMA). As such, anyone investing in the cryptocurrency product will not ... (read more)