The bank from Liechtenstein issues its own cryptocurrency
Union Bank AG will be the first fully licensed and regulated bank in the world to issue its own Union Bank coins in accordance with the requirements of the FMA Liechtenstein regulatory authority.
According to the bank, this is a stable coin, which will be fully supported by fiat currency, for example, the Swiss franc. Union Bank AG is planning to transfer all its processes to the blockchain. To do this, it will work with a startup from Switzerland Verum Capital AG.
Union Bank AG offers corporate banking services primarily to companies in Germany, Switzerland and Austria and the Middle East. The bank already supports ICOs and customers, working with crypto brokers, crypto consultants and blockchain companies.
On materials of the following website: https://www.unionbankag.com/blockchain-banking/
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