Unexpectedly: criticism of Bitcoin in SwedenNordea Bank AB took up arms against the Crypto-currency.
Bloomberg reports that the largest Nordea bank in Sweden and the whole of Northern Europe sent a memorandum to its employees with a ban on trading Bitcoin and other crypto-currencies.
Unexplained, but true: Bitcoin in Sweden is not loved by everyone!
Nordea Bank AB has imposed a ban on operations with crypto-currencies after the bank's board reached a conclusion about the unregulated nature of the crypto-currency market. However, Nordea stated that the bank's updated policy includes transitional provisions for personnel with existing crypto-currency reserves and "permits certain exceptions". In other words, employees who already own Bitcoin are allowed to keep their savings in a crypto-currency form.
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That's not unexpected if a bank is against crypto, especially bitcoin. Especially, if the bank enables it's customers to buy crypto related derivatives. Now it's interesting the idea behind, why the bank bans the employees to trade cryptos, but allow the customers...
You can find useful posts about the topic in this thread:
https://bitcointalk.org/index.php?topic=2804977.0;topicseenWe need to wait a bit to clarify the real effect of the ban, but it's not unexpected yet that banks will behave like this, unfortunately...