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BBVA will allow its clients the sale and custody of bitcoins from January 2021 via its Swiss subsidiaryBitcoin is receiving relevant support from the financial industry in recent times, and the cryptocurrency found one more ally: the bank BBVA will launch in January 2021 a service for the sale and custody of bitcoins.Through its Swiss subsidiary and will thus become a reference when it comes to operating these cryptocurrencies among members of traditional banks, who until now seemed to have been more reluctant to support this type of service.First bitcoin, but other cryptocurrencies will arriveBBVA's support comes after five years "exploring blockchain technology," say its managers, who now see an appropriate time to "explore their first offer aimed at managing digital assets."According to BBVA, the service comes to respond to the growing demand from highly knowledgeable investors who were already operating with these digital currencies, and will allow clients to combine traditional financial assets with bitcoins in their investment portfolios.This service for the sale and custody of bitcoins will also have "all the guarantees of any other financial service", and although initially they will allow to operate only with bitcoins "because it is the most accepted cryptocurrency", the plan is to extend this support to other different ones. .BBVA will not offer investment advice, adds the official announcement, which also argues for the start of operations in Switzerland. This choice is due to the fact that "the Swiss country has a very advanced ecosystem in terms of regulation and adoption of digital assets."
