{"id":129395,"date":"2021-06-19T09:22:23","date_gmt":"2021-06-19T09:22:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=129395"},"modified":"2021-06-19T09:22:23","modified_gmt":"2021-06-19T09:22:23","slug":"denmarks-largest-bank-clarifies-its-position-on-crypto","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/denmarks-largest-bank-clarifies-its-position-on-crypto\/","title":{"rendered":"Denmark\u2019s Largest Bank Clarifies Its Position on Crypto"},"content":{"rendered":"
On Friday (June 18), Copenhagen-headquartered Danske Bank\u00a0A\/S published an article to clarify its position on \u201ctrading and investing in cryptocurrencies\u201d.<\/p>\n
The bank started this article by acknowledging the value in blockchain technology and cryptocurrencies:<\/p>\n
\u201cCryptocurrencies represent a significant digital innovation in financial services and we recognise that there is a significant global market for crypto currencies and that many customers find cryptocurrencies interesting. At the same time, we see great potentials in the blockchain technology, which cryptocurrencies build upon.<\/em>\u201c<\/p>\n It then explained why\u201d it is at present not possible to trade cryptocurrencies or financial instruments based on cryptocurrencies on Danske Bank\u2019s trading platforms\u201d and why they generally advise against investing in crypto:<\/p>\n However, as \u201cthe cryptocurrency market matures and is further regulated\u201d, it will review its stance on crypto.<\/p>\n As for \u201ccredit card transactions and deposits related to crypto currencies\u201d, it had this message for its customers:<\/p>\n \u201cFor customers that deposit funds that stem from investments in crypto currencies, we will treat them in the same way as deposits of funds from other types of investments. Accordingly, we may accept the deposit if it complies with applicable law and follows anti-money laundering procedures.<\/em><\/p>\n \u201cFurthermore, we do not block the use of a credit card issued by Danske Bank in connection with the trading of cryptocurrencies. As with all other credit card transactions, customers must follow applicable anti-money laundering procedures and comply with applicable laws.<\/em>\u201c<\/p>\n The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n Photo\u00a0by\u00a0\u201c12019 \/ 10259\u201d\u00a0via\u00a0Pixabay<\/em><\/p>\n\n
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