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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It doesn't make any sense on this platform, It might be a good news for us those who are believe in Bitcoin and cryptocurrency. Since this virtual platform is going to be popular platform in this monetary world that's why this conventional banking system are getting afraid of its popularity.
So never get tensed about this criticism anymore, Decision should be taken based on your experience and future prediction about this system.