Sweden's Nordea Bank prohibits all its employees from owning or trading BTC

Nordea Bank AB has assets of more than one and a half trillion dollars and is one of the largest banks in Northern Europe. Bank executives have long been known to be concerned about cryptocurrency and its lack of regulation, and have recently complained that Bitcoin has been allowed to exist in Europe without being integrated into the traditional banking system.

This post appeared on Twitter from a user with the nickname @samisin. He claims that he is one of the employees of the bank and that this instruction was distributed to the employees in writing. “This applies to secretaries, IT staff, janitors and any other staff working at the bank. Is this even legal?” the person asks, backing up his words with screenshots from electronic memos sent through Yammer, a social network that large companies often use for internal communication.

Specifically, one of the memos states that “no employee or service provider can trade in Bitcoin or other cryptocurrencies. Exceptions are possible if investments are made in financial instruments issued by Nordea and related to cryptocurrencies. In addition, the ban does not apply to minor investments in cryptocurrencies made by employees for the purpose of product development, which have been previously approved by the relevant department of the bank.”

Such a demand from the management of a well-known bank caused a wave of indignation among users of social networks.

The union of bank employees was actively involved in resolving this situation, reportedly as a result of “complaints from employees.” Finansförbundet, representing the interests of bank employees, intends to discuss the official position of the management of Nordea Bank during an internal meeting next Tuesday, January 16, 2018.

According to https://bits.media