THELOGICALINDIAN - Reports accept emerged that the Swedishbanking behemothic Nordea has banned its advisers from trading Bitcoin and added agenda currencies
Swedish coffer Nordea has ordered all of its advisers to stop trading in cryptocurrencies. According to a contempo address by Reuters, the Nordic region’s better coffer has banned its 31,000 advisers from trading Bitcoin due its aerial risks and volatility.
A agent for Nordea told Reuters:
Nordea’s accommodation surprised many associates of the cryptocurrency and accounts community. In the past, several Nordic banks accept declared their attitude on Bitcoin and cryptocurrencies. A Bloomberg commodity mentions that the governor of the Danish axial bank, Lars Rohde, believes that Bitcoin is dangerous. The commodity additionally letters on Stefan Ingves, the governor of Sweden’s Riksbank, who told assembly that Bitcoin shouldn’t be advised a bill at all. Nordea is planning to clearly apparatus the new ban by February 28th.
Nordic banks aren’t the alone cyberbanking institutions that accept taken accomplishments accompanying to cryptocurrency activities. Earlier this month, several above Australian banks started freezing cyberbanking accounts accompanying to cryptocurrency activities.
The above banks included the National Australia Bank, Commonwealth Coffer of Australia, ANZ, and Westpac Banking Corporation. Currently, actual few accounts accept been bankrupt due to this new crackdown. The Commonwealth Coffer of Australia declared through a agent that users will still be able to use their coffer accounts to barter Bitcoin and added cryptocurrencies, as continued as they accede with the agreement and altitude of the bank.
Many banking regulators common accept already accustomed statements apropos their attitude on cryptocurrencies and their risks. Experts abhorrence that added banks and banking institutions common are activity to added crack down on coffer accounts that are actuality acclimated for cryptocurrency trading. Some customer aegis agencies and banking authoritative bodies abhorrence that these accomplishments by banks may aperture the rights of coffer holders.
What are your thoughts on Nordea’s accommodation to ban its advisers from trading cryptocurrencies? Do you anticipate that added banks should do the same? Let us apperceive in the comments below!
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