Nordea Bank Forbids Employees from Owning Bitcoin

Nordea Bank Forbids Employees from Owning Bitcoin

Danish finance and employees’ rights figures have threatened legal action towards main bank Nordea after it introduced this week that it’ll ban its employees from owning Bitcoin by February 28. Talking to Danish radio station Danmarks Radio, Danish Financial Federation chairperson Kent Petersen joined DJØF Union representative Niels Mosegaard in condemning Nordea’s move.

Nordea is Scandinavia’s biggest bank, which means the regulation will motive 31500 people to divest themselves of any Bitcoin holdings or exposure as soon as February 28.

Bitcoin

Kent Petersen stated:

“We’d keep in mind it a legal offense towards the person. However, in Denmark there’s nevertheless a degree of freedom to make investments if it isn’t a danger for the organization you’re employed in.”

Kent Petersen additionally mentioned legal action might be taken into consideration if a member of both company was fired due to owning Bitcoin after March 1. The most part of Nordea’s employees are participants of either one of the unions. Nordea had defended its choice as prevention of worker participation of criminal or unethical participation in an unregulated marketplace.

Nordea Bank

Director of media Stine green Paulsen similarly agreed with a conclusion placed to him by Finans.dk that they might technically purchase as many bitcoins as they appreciated earlier than the deadline, including that this was not an advice. As a chief Nordea working area, Denmark has seen growing hostility toward Bitcoin from regulatory circles currently.

Remaining month, Denmark’s central bank chief warned customers to stay far from the digital currency, going as far as to describe it as lethal. At the equal time, Bitcoin Suisse’s takeover of a main Danish sports team means the Denmark now has a Bitcoin area, even as its players could become the first sports experts to obtain their income in bitcoin.

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