Bitcoins and Cash Vaults: Indian HNIs get pitches for new havens

Bitcoins and Cash Vaults: Indian HNIs get pitches for new havens

DAVOS/ZURICH: As countless HNIs and their agents circumvented Swiss ski resort town of Davos for going to the yearly WEF summit a week ago, they likewise got a few pitches on the edges for two new ‘protected and promising sanctuaries’ – digital currencies and money vaults.

Money vaults, which are gigantic in a measure not at all like the average bank lockers in India and can contain money as well as gold, information, artistic creations, and figures, are an enormous business in Switzerland and are not j.
A few vaults are really covered profound under the snow with a few in number layers of security, various officials related to this business said.

What they need is present to extend their operations to India – by offering their Swiss vaults to HNIs from India and furthermore by reserving in ‘key accomplices’ to set up comparative vaults there, a portion of the Indians drew nearer by them said.

The Davos meet likewise observed various elements and people related to a few graves.