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Following its strategic decision to become a crypto friendly Swiss banking institution, Dukascopy Bank is pleased to introduce its own token called the Dukascoin. To the best of the Bank’s knowledge, this is the first worldwide cryptocurrency of a strictly regulated bank. This is definitely the first cryptocurrency of a Swiss Bank. The Bank ensures the application of the highest AML, risk management and regulatory standards of the Swiss banking industry for operations on the crypto currency market. The Dukascoin opens a new class of crypto currencies issued by strictly regulated banks and will stay segregated from cryptos issued by non-regulated entities and startups.
The initial purpose of the Dukascoin introduction is to reward new users of Dukascopy Connect 911 messenger and the associated Multi-Currency Accounts (hereinafter referred to as MCA accounts) of the Bank. The Dukascoin, designed as a crypto means of payment, is issued in limited quantity to serve as both payment and speculation. The Dukascoin is expected to gain in value due to a limited supply and to being the first crypto currency in the Swiss banking industry.