developments like this, its more likely that it will have to be discussed in the context of the European Banking Federation, Frenken stated. We think that a ban is being made without a legal basis. Stockholm (Reuters) - Nordea has forbidden all its roughly 31,000 employees from trading in cryptocurrencies such as bitcoin bitcoin gold bitcoin forum due to high risks, it said on Monday. This Week in Bitcoin, a podcast updated each Friday. It is not for the bank to determine which assets are high risk or low risk, it is the investor that should do prior research and due diligence to evaluate the risk involved in trading.
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Swedish bank Nordea has ordered all of its employees to stop trading in cryptocurrencies.
Nordea Bank, the largest financial group in the Nordic countries, which banned Bitcoin in January, has been caught in a major money laundering scandal for allegedly receiving dirty money from two banks.
Nordea Bank, one of the most reputed financial institute in Northern Europe, has banned all its.
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Nordeas ban, then, could be seen as less a blow to cryptocurrency and more a boon to self governance. The bank, describing bitcoin as a high risk investment, prohibited all of wat kost 1 bitcoin its 31,000 employees located throughout Europe from investing in bitcoin, interfering with the personal investments of its employees. As m learned two weeks ago, one of Europes largest banks, Nordea, will enact a company-wide policy to effectively ban its employees from owning or trading in cryptocurrency. Images courtesy of Pixabay, Nordea. One of Northern Europes largest banks, Nordea has had a tenuous relationship with bitcoin over the last few years. We are aware of the report, and at Nordea we work closely with the relevant authorities in the countries in which we operate, including the Nordic Financial Intelligence Units, Nordea said.
Nordea spokeswoman told, reuters by email, The risks are seen as too high and the protection is insufficient for both the co-workers and the bank. Nordea Bank, based in Stockholm, Sweden, has banned its employees from trading bitcoin and other major cryptocurrencies in the global market. Reporting by Helena Soderpalm; Editing by Simon Johnson and Louise Heavens. The Nordic regions biggest bank said the ban will be imposed from Feb. Money Laundering, according to SLE and reports from mainstream media outlets of Sweden including the countrys public broadcaster SVT, more than 365 individual Nordea accounts received payments of over 150 million euros, equivalent to 171 million, from shell companies alleged to have run illegitimate operations. At the time, as CCN reported, the controversial decision of Nordea Bank AB was met with criticism from both the cryptocurrency sector and the rest of the traditional finance industry.