According to news on July 5, the Danish financial regulator ordered Saxo Bank to dispose of its encrypted assets and stated that according to current regulations, banks are not allowed to conduct proprietary transactions. Dangwai Financial Regulatory said in a statement that Saxo Bank has a platform for customers to trade cryptocurrencies, and it also holds encrypted assets to hedge market risks. Such transactions are not part of the legitimate business activities of Danish financial institutions, the statement said. #Content Star#
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to news on July 5, the Danish financial regulator ordered Saxo Bank to dispose of its encrypted assets and stated that according to current regulations, banks are not allowed to conduct proprietary transactions. Dangwai Financial Regulatory said in a statement that Saxo Bank has a platform for customers to trade cryptocurrencies, and it also holds encrypted assets to hedge market risks. Such transactions are not part of the legitimate business activities of Danish financial institutions, the statement said. #Content Star#