Bitcoin ATM's Vanish in St. Petersburg - Swiss Bank to Sell Ether and Bitcoin Cash

What's up, everyone? Thanks for tuning in! I have two Crypto related stories for you today. Let's get into them...

Where'd the Bitcoin ATM's go?

Two Bitcoin ATM's owned by Bitlish have vanished from their locations in St. Petersburg, Russia. The reason is unclear as Bitlish was very unspecific when questioned by Cointelegraph.

“Our partner has removed them, we do not disclose the reasons,” Bitlish told Cointelegraph Wednesday. “We can't comment on whether they may appear in the nearest future.”

The UK-based company uses contractors to operate machines in each locality and claims it did not make the decision to redistribute the St. Petersburg ATMs.

The ATM's first appeared on St. Petersburg’s Vasilevsky Island back in February when one was spotted next to Bank ATMs at a local business. The second ATM was spotted at another business center not too far away.

Cointelegraph notes that regulatory tensions in Russia could be the possible cause of the ATM's disappearance.

Lawmakers in St. Petersburg issued a demand to block sharing of information on Bitcoin last month, and Bitlish hinted the confusing situation was contributing to the changes on its end.
“We are working on getting our BTMs through the lack of regulation in Russia,” Bitlish said.

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Swiss Bank to Sell Ether and Bitcoin Cash

A private Swiss bank is set to expand its newly implemented digital asset management service to include new cryptocurrencies.

Falcon Private Bank revealed over the summer that it would allow its customers to buy and hold bitcoin within their accounts through a partnership with brokerage service Bitcoin Suisse. The new service promptly came after consultations with Swiss regulators, including the Swiss Financial Market Supervisory Authority.

Now, as Coindesk reports, ether, litecoin and bitcoin cash will now be apart of Falcon Private Bank's service.

Now, that product line is expanding to include ether, litecoin and bitcoin cash. Customers of the bank will be able to start buying and holding those cryptocurrencies from August 22, according to today's announcement.
It’s a notable development, given that the initial service was brought online just over a month ago, marking the first time a traditional bank has moved to offer cryptocurrency services to its clients. As of last year, Falcon Private Bank had more than $14 billion in assets under its control.

"Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history," Bitcoin Suisse CEO Niklas Nikolajsen said in a statement. "Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors."

This is great news for digital currencies and will only play a role in legitimizing its acceptance by more mainstream financial institutions.