A Danish courtroom has dominated that Scandinavian monetary companies large Nordea can bar its staff from proudly owning Bitcoin (BTC) and different digital currencies.
As BNN Bloomberg reported on Dec. 3, the courtroom justified the restriction by citing the purported dangers related to cryptocurrencies. Nonetheless, the ruling didn’t apply to monetary devices related to digital currencies Nordea had bought to clients, in addition to to any cryptocurrency that staff might need invested in earlier than the restriction.
Denmark’s union for monetary trade staff had filed swimsuit towards Nordea, claiming that the ban interfered with staff’ private lives. Kent Petersen, the union’s chairman, stated:
“We filed swimsuit due to the precept that everybody clearly has a non-public life and the precise to behave as a non-public particular person. It was essential for us and our members to determine what rights managers have. On this case, it was extra far-reaching than what we discover to be acceptable.”
Nordea initially announced its intention to ban its staff from proudly owning cryptocurrency in late January 2018. As Nordea is the biggest financial institution in Scandinavia, it signifies that the laws causes 31,500 individuals to distance themselves from cryptocurrency investments.
Lately, Cointelegraph reported that Russia is allegedly making ready a ban on the usage of cryptocurrencies to pay for items and companies. A report from native publication Izvestia cited a number of sources reportedly acquainted with ongoing discussions on the nation’s central financial institution, monetary regulator and Ministry of Finance in assist of a ban.