© Reuters.
By Samuel Indyk
Investing.com – Danske Bank (CSE:) has reiterated its cautious position on cryptocurrencies in a statement published on its website, maintaining its ban on trading crypto on its own trading platforms.
Denmark’s largest bank noted increasing interest in cryptocurrencies, such as and , and said they regularly receive questions from customers, journalists, and other stakeholders regarding their position.
A cautious approach
The bank highlighted four main reasons for maintaining a cautious approach on cryptocurrencies.
- Trade in cryptocurrencies is not always sufficiently transparent, which may make it difficult for us as a financial institution to meet our obligations to fight financial crime and money laundering.
- Trade in cryptocurrencies is only partially regulated by financial regulation and consumers therefore do not always have the consumer protection associated with regulated financial products.
- Pricing of cryptocurrencies is opaque and highly fluctuating, and as an investor, you have limited insight into how the market develops and what…
