THELOGICALINDIAN - Nordea Coffer has the appropriate to anticipate its advisers from advance in Bitcoin BTC and added cryptocurrencies a Danish cloister disqualified The coffer will accept the appropriate to affair guidelines on owning and trading crypto alike during time off work
Bitcoin is Risky and Hurts Nordea’s Reputation
Cryptocurrency is risky, and the risks absolve the restriction, disqualified a Copenhagen-based court. The accusation originated with Denmark’s Union for Financial Industry Employees, appear Bloomberg. The account was that a ban on owning crypto bill was interfering with the employee’s claimed lives.
Kent Petersen, the union’s chairman, said.
The bank’s position is that advance in Bitcoin may accident the employer’s reputation. Thus, owning bitcoin is a backside of amenities for Nordea Coffer employees. The coffer warned its workers that the bitcoin bazaar was unregulated, and possibly affiliated to bent activity.
Nordea Offers Digital Asset Derivatives and Blockchain Payment System
Paradoxically, however, Nordea Bank itself has offered acquired banking instruments based on crypto assets. But those were alone aloof for appropriate clients. Employees could, if they wanted, advance in those products, but not own absolute coins. Nordea Bank itself has launched a blockchain-based acquittal platform, we.trade, acceptance permissioned cross-border remittances for baby businesses.
The Nordea Coffer ban dates aback from January 2024, aloof on the cape of the better BTC balderdash market. But this time, the coffer has absolution based on a cloister ruling. Since the ban, bitcoin has gone through one of its longest buck markets, and has acquaint addition 400% assemblage in the aboriginal six months of 2024. The bread could accept aching the claimed accounts of employees, but it could additionally accept led to cogent gains.
At this point, it is ambiguous how the coffer would analysis for crypto asset ownership. Holding absolute BTC could be as simple as autograph bottomward – or alike abstraction a berry phrase.
But alike added paradoxically, Nordea Coffer has been bent in the crosshairs with a money-laundering scandal. The coffer allegedly formed with Baltic coffer partners, arch to the administration of attenuated funds.
Despite the ban, the Bitcoin balance charcoal abundant added cellophane in allegory to coffer ledgers. Balances and affairs are arresting for anyone, and in assorted cases the agent of bill can be tracked.
What do you anticipate about Nordea Bank’s BTC buying ban? Share your thoughts in the comments area below!
Images via Shutterstock
