March 28, 2024

Danske Bank declared its loyalty to cryptocurrency

Danske Bank declared its loyalty to cryptocurrency

Danske Bank, the largest commercial bank in Denmark and one of the leading banks in Northern Europe, is not against cryptocurrencies. Aboutthis financial institution stated in its officialannouncement. However, at this stage, the financial institution is not ready to add them to its portfolio, citing high volatility, lack of transparency and regulation.

Danske Bank is not afraid of environmental problems associated with Bitcoin mining. Experts are confident that the industry will be able to switch to renewable energy.

"We are constantly monitoring developments in the field of cryptocurrencies, and as the market develops and further regulates, we will reconsider our position.", - said the bank.

The bank also clarified its fiat policytransfers related to cryptocurrencies. Danske Bank will regulate cash flows from cryptocurrency investments in the same way as from regular investments.

Moreover, the bank denied blocking creditcards due to cryptocurrency trading, but emphasized that customers must comply with anti-money laundering procedures and exchange control requirements.

What is the situation in Russia?

The position of the Danish bank is fundamentally different fromhow cryptocurrencies are treated in the Russian market. Let us remind you that at the beginning of 2021, the Central Bank of the Russian Federation added cryptocurrency transactions to the list of suspicious transactions for financial institutions. Thus, banks can freeze or even block a client’s account if there are signs of cryptocurrency trafficking.

At the same time, the head of the parent companyTinkoff Bank TCS Group Oliver Hughes said that professional investors are showing interest in digital assets, but the bank itself cannot yet allow them to trade such assets due to the strict position of the Central Bank.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Danske Bank declared its loyalty to cryptocurrency

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