Biggest bank in Scandinavia bans cryptocurrency trading for employees

Methshot
Methshot

UMMM, GUYS???!

All urls found in this thread:

translate.google.dk/translate?sl=da&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http://www.euroinvestor.dk/nyheder/2018/01/19/nordea-forbyder-flere-tusinde-ansatte-at-handle-med-bitcoin-citat/13747253&edit-text=
e24.no/boers-og-finans/bitcoin/nordea-forbyr-tusenvis-av-ansatte-aa-handle-bitcoin/24235646
hegnar.no/TV/video/13ece143-00080348-fb49dc2f
yle.fi/uutiset/3-10035018
sbanken.no/
nordea.com/en/press-and-news/news-and-press-releases/press-releases/2017/12-05-08h30-nordea-joins-first-blockchain-based-trade-finance-platform-as-founding-partner.html
numbeo.com/quality-of-life/rankings_by_country.jsp

MPmaster
MPmaster

For employees?

Also post the link you massive bag of black dicks

Flameblow
Flameblow

Im not Selling you snow-nigger!

AwesomeTucker
AwesomeTucker

lol, just a rumour at this point.

how the fuck are they going to enforce that even if they do go through with the ban

Supergrass
Supergrass

It's in Danish and you need to be a subscriber to read it.

But here's another (google translated) article:

translate.google.dk/translate?sl=da&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http://www.euroinvestor.dk/nyheder/2018/01/19/nordea-forbyder-flere-tusinde-ansatte-at-handle-med-bitcoin-citat/13747253&edit-text=

viagrandad
viagrandad

not uncommon for companies to force policies like this on their staff.
the four seasons which i worked for here has a "non-gambling" clause in their contract that also prohibits buying shares

idontknow
idontknow

headquarters: stockholm, sweden

i dont need to know anything else

Methshot
Methshot

Cheers.

Seems like it only really affects those who work directly under Nordea. So not big news, but not a good trend either

PurpleCharger
PurpleCharger

how the fuck would they even know if their employees are invested in crypto though

BunnyJinx
BunnyJinx

A lot of bankers are trading crypto as a hobby.
Wouldnt suprise me if they neglect their work.

Snarelure
Snarelure

95% of crypto directly threatens the existance of traditional banks
traditional banks ban its employees from trading crypto

this desperate damage control does not surprise me in the slightest. I hope that all the employees trade even more now, fuck these jews.

CouchChiller
CouchChiller

Employees of banks have to follow different rules on the stock market already, even the fat neckbeards cleaning servers in the basement.
Not mentioning most of those 31k people are over 50 and don't give a fuck about coins.

This is will have no influence whatsoever in crypto markets.

Boy_vs_Girl
Boy_vs_Girl

Norwegian here. This.

idontknow
idontknow

How will they know outside of the job?

kizzmybutt
kizzmybutt

Hey that's my bank! Don't forget the CEO also said Bitcoin is scam, garbage and will never be worth anything.

Playboyize
Playboyize

Actually talked with a banker that transfer funds around the world from Nordea this weekend. He told me the Dollar and Euro is to big to ever fail and that crypto will fail. Governments wont ever allow crypto if they cant know where the money goes. The fucking "war on terror" meme

JunkTop
JunkTop

Better short Nordea stocks then.
Thanks OP!

StrangeWizard
StrangeWizard

Lol is this even legal? Way to take away their freedom

This is just good news, shows that the bank are legitimately worried instead of lolling at the crypto craze in the office

Their employees are mostly customer service cucks which are literally the least prioritized in their business. Banks are cutting costs and automating whenever they can to get rid of their employees, putting them in noisy distracted open offices to save space, not giving a fuk about most employees

Spamalot
Spamalot

Crypto trading is more interesting. The volatility highlights the gambling aspect. A friend of mine once referred to the stock market as a slow-motion casino. The world moves faster these days.

Playboyize
Playboyize

fake news.....
Your boss cant fucking ban you from doing something in your free time thats is legal to do...

Source : I work for Nordea Norway

TurtleCat
TurtleCat

That just means that they know we are real competition and don't want their own employees to undermine the banking sector while investing in alternatives.

I have Nordea by the way, and I have considered switching. These kind of tactics means that they're going to freeze crypto accounts down the road. I'm calling other banks to inquire about their stance on crypto.

If any Danes went through this, let me know.

Booteefool
Booteefool

muh war on terror
These tyrants need to be put out to grass. They have to import Muslims so that people are afraid of terrorism. This justifies bigger and stronger government, and what crypto really presents is a threat to tax collection.

Accumulate Monero and lay low.

PackManBrainlure
PackManBrainlure

so the biggest financial newspaper in norway is lying then? e24.no/boers-og-finans/bitcoin/nordea-forbyr-tusenvis-av-ansatte-aa-handle-bitcoin/24235646

Agreed. Founder of Stellar literally said banks are first and foremost software companies, and that he got on to Stellar he thought "holy shit, this will replace all the bullshit work i was doing in the banks"

New_Cliche
New_Cliche

Wow i cant imagine how cucked you got to be to let your employer dictate how you use your hard earned money in your free time

Garbage Can Lid
Garbage Can Lid

Edit: just read it lol. Employees working in wholesale banking (big customers) aren't allowed, which is about 300 employees in Norway in total

likme
likme

Uuuuuuggghhhhh that's my bank.

I hate them but their online and mobile banking are great.

However, if they come for my funny money I guess I'll switch banks.

These shitheads try to shill me their investment funds whenever I go do shit there.

kizzmybutt
kizzmybutt

but are the masses really this dumb?
Glad Im moving far away from Norway in a few weeks.

Evilember
Evilember

True, nothing beats being able to call or chat and get help instantly 24/7. The only thing I would hate more than leaving Nordea is them freezing my accounts.

StonedTime
StonedTime

Big newspapers lying? No way! Thats totally unheard of!

TechHater
TechHater

swedish banks already to open up corporate accoutns for any cryptocurrency businesses

a lot of bankers deserve to hang

AwesomeTucker
AwesomeTucker

trading crypto is seen as speculation by compliance in most banks. And it should be since at this stage it is speculation. until we have clear and concise laws on regulation/taxation on crypto the banks are likely to stop their employees from trading

Dreamworx
Dreamworx

*refuse to open

Soft_member
Soft_member

When does the open season on commies start?

AwesomeTucker
AwesomeTucker

Duhh. It's obvious. They're not allowing them to buy into the competition.

BunnyJinx
BunnyJinx

Sure they can. Some corporations in the US test employees for tobacco and won’t hire smokers citing insurance cost risks. Being obese is OK though.

Nojokur
Nojokur

can't tax the goyim's btc holdings to fund the refugee population

Shut it down

Playboyize
Playboyize

bunch of jewish queers ban BTC trading

Methshot
Methshot

What rock do you live under? companies can and has done it for ages. Almost all casinos have a no gambling policy on their employes due to the potential of inside knowledge. Just pick a different job if you don't like it faggot or challenge them in court. I bet you think your boss isn't allowed to look through your peersonal email if you use their pc and network to access it.

King_Martha
King_Martha

This is nothing new. Not breaking news. It's been like this at least for a year. They are not allowed to trade or own crypto. It's not illegal, but it's against the banks policy. Many corporations have similar rules when it comes to supporting or working for the competitors.

Skullbone
Skullbone

if my boss at Wendy's unironically tried to tell me to stop trading cryptos I would die laughing

SniperGod
SniperGod

Disgusting bank trying to control what employees do with there money.

eGremlin
eGremlin

for employees

OH NO 0.0000001% of the market is now gone

StrangeWizard
StrangeWizard

ITT: People have no clue how regulation works inside banks.

Stupidasole
Stupidasole

i work in asset management and i checked that i don't have to report any crypto trades, holdings or exchange accounts. same goes for things like sports betting. i do however have to declare any brokerage accounts in case there were any conflicts of interest but clearly my day job is nothing to do with shitcoins on shitopia so they don't give a shit about that

Harmless_Venom
Harmless_Venom

Actually, they're moving headquarters to Finland :D

Gigastrength
Gigastrength

Well Finland and Sweden are both shitholes

Ignoramus
Ignoramus

Communist Scandinavia at it again

Tell me again how often do they shill you propaganda in elementary schools about you’re the best countries in the world and you should just stfu and accept the State raping you no questions asked lmao

Spamalot
Spamalot

It's to avoid conflicts of interest u absolute mongs

Fuzzy_Logic
Fuzzy_Logic

Bank does not want it's wageslaves to get rich trough competing technology

Dreamworx
Dreamworx

I have really hated how some media outlets to have fudded crypto this month. Especially this fool. Watch if you're norwegian: hegnar.no/TV/video/13ece143-00080348-fb49dc2f

They're so happy about their 14 percent gains didn't even beat the index. Calls crypto air, dont know what its backed buy. Full of disinformation.

Lunatick
Lunatick

The market is at 521 billion. If they were the 0.0000001% they would have only 52k$ divided among 31,596 employees, or 1.65$ per employee. I think you're grossly underestimating this bank. The 0.000005% would be more accurate.

takes2long
takes2long

first step to perman bans you really think commie shitholes like this are gonna lose control?

lel

TurtleCat
TurtleCat

This just wants me to hold XMR or something out of principle. Then pray for some success in the decentralized exchange business.

DeathDog
DeathDog

fuck these Jews

All the Jews moved to crypto anon. The are the bankers left in the dirt.

Nude_Bikergirl
Nude_Bikergirl

old news, nordea did this before new years

Sharpcharm
Sharpcharm

Good to see we still have some autists on biz that'll do the actual math on a hyperbolic figure of speech

TalkBomber
TalkBomber

/thread

BlogWobbles
BlogWobbles

CAN ANYONE ELSE NOT POST IMAGES???

whereismyname
whereismyname

are the masses really this dumb?
Glad Im moving far away from Norway in a few week
financial newspapers are lying about crypto all the fucking time. what world are you living in if you don't know how prevalent fake news is this day. main stream news is almost always agenda driven and often completely fake. the retraction article will be seen by almost no one.

Playboyize
Playboyize

name one conflict of interest you mong

Snarelure
Snarelure

Banking/finance workers have to disclose shitloads of personal information like pretty much all nontrivial monetary transactions. Same in the US.

Supergrass
Supergrass

500 billion is all The jews have.
Now go fuck yourself.

King_Martha
King_Martha

Jamie Dimon said the exact same thing about traders at JP Morgan, its not an isolated incident.

Snarelure
Snarelure

This is such a shame of a thread. This is common as fuck in ALL types of countries and governments for various reasons and this thread really show how many low-educated /pol/ and libtard newfaggots we actually have on this board now.

Have you fags never actually worked a single job that gives you more responsibility than handling burgers/scrubbing toilets. This shit should be common knowledge and if you never experienced this or was told about it through your education it's still just a small step in logic to figure out multiple reasons why something like this exists, as many anons have pointed out.

Mostly low educated poor people caters to "/pol/" and "antifa" like echochambers meme really isn't a meme, eh.

Boy_vs_Girl
Boy_vs_Girl

How can you dictate what your employees do on their own time? They're not slaves.

viagrandad
viagrandad

Governments
wrong, European countries would gladly do this

Poker_Star
Poker_Star

baka

TreeEater
TreeEater

It's just like JP Morgan. One month before they started cryptotrading themselves

LuckyDusty
LuckyDusty

for all employees

nice larp.. its the same employees that are not allowed to short

idontknow
idontknow

Conflict of interest policies only exists in europe

Please nigger you don't have to tell me you have the life experience of a highschooler I already knew that.

Sir_Gallonhead
Sir_Gallonhead

This is a wonderful question for Google. You will practice finding information on your own and the subject at hand is a really good topic to know about.

You will be geared for real life in no time.

MPmaster
MPmaster

even the article is pink, and your ID
AAAAAAAAAAAAAAAAAAAAA

Soft_member
Soft_member

nice reading comprehension

New_Cliche
New_Cliche

banning peer to peer decentralized networks
why the fuck do people still care
when will people understand that cryptos are not banable

i really just dont get it
how will any country enforce laws regulating crypto its impossible they will always have worth
they would have to shut down the internet?????????????????????????????????

TreeEater
TreeEater

You have to cash out at some point

whereismyname
whereismyname

Did any of you fags even read the article?

They're banning crypto trading for employees working in the wholesale-banking department which deals with large institutions. Which is only a total og 3800 employees across all countries. And reason stated? These employees are under much stricter rules in regards to potential insider trading.

It's fucking nothing.

takes2long
takes2long

When they try to cash out. I mean they can just use another bank, but you know, most dipshits will use the bank they work at.

TalkBomber
TalkBomber

Nordea doesn't allow you to cash out money from bitcoin trading either.

Other banks do. Guess who's going to lose customers on that.

BinaryMan
BinaryMan

Almost all casinos have a no gambling policy on their employes due to the potential of inside knowledge.
I dont live in the US, your laws are irrelevant to me, Casinos are illegal here

Stupidasole
Stupidasole

Its real alright

yle.fi/uutiset/3-10035018

Spazyfool
Spazyfool

Sure they can. Some corporations in the US
Im not in the US tho.... stop applying your stupid laws to me

Dreamworx
Dreamworx

DNB got no such restrictions and commented that they ain't got any plans for that either :)

girlDog
girlDog

I use that bank. Shiiiiiiiiiiæææææææt

Methshot
Methshot

so the biggest financial newspaper in norway is lying then?
Yes... well not lying, but playing loose with facts, its a suggestion by a high up retard to ban it, but he`s retarded and it wont go trough, but reporters made a story about it anyway

StonedTime
StonedTime

Fucking Asian FUD

StrangeWizard
StrangeWizard

C-can they do that? How the fuck is this even possible? They can't do whatever the fuck they want with their own money?

likme
likme

I use that bank
Unless your a company...dont use Nordea... i Work for Nordea and im telling you this , private you should use sbanken.no/

CouchChiller
CouchChiller

Of course they can. If there is reasonable doubt that crypto trading is in conflict of interest they can ban it and enforce the ban. This practice isnt uncommon you know.

How did I do it then?

Raving_Cute
Raving_Cute

I used to have that bank, but switched when I found out that it's shitty compared to other banks.

TechHater
TechHater

I wonder why the higher ups at Nordea don't want their executives participating in BTC speculation? hmmmmmmm
Maybe because Nordea is the leading partner with the we.trade FUCKING BLOCKCHAIN ALLIANCE IN CONJUNCTION WITH IBM.
NOW... IBM was partnered with somebody... hmmmm.. who could it be... I almost remember.. it was some type of distributed ledger technology company... OH I REMEMBER STELLAR!!!. This is conflict of interest for executives at Nordea to participate in this market because Nordea is getting heavily invested in blockchain technology with IBM, powered by Stellar. They need to create separation between the two, especially with the upcoming introduction with fairX. Nordea will most likely be providing liquidity to fairX in a lot of the European Regions

source
nordea.com/en/press-and-news/news-and-press-releases/press-releases/2017/12-05-08h30-nordea-joins-first-blockchain-based-trade-finance-platform-as-founding-partner.html

iluvmen
iluvmen

Conflict of interest policies are only enforced in casinos and America

For fuck sake Billy it was one EXAMPLE to make people like you understand how and why it is used and enforced.

Evil_kitten
Evil_kitten

This mean they will buy a shit ton of them, and they don't want to be sue for inside trading.

New_Cliche
New_Cliche

already sold 100k :(

Emberburn
Emberburn

fucking snowniggers.
Scandinavia, I thought Norwegians were not that cucked, seems they have it just as bad as achmed and abdullah from finland and sweden.

whereismyname
whereismyname

5 6 %

6

%

Evil_kitten
Evil_kitten

Reee company making money off of fiat doesn't want crypto rising in market share

What did he mean ?

takes2long
takes2long

you wot m8?

Stupidasole
Stupidasole

Länsförsäkringar

Firespawn
Firespawn

Who gives a fuck about 31k people when we have 7billion and more coming in everyday than a measily 31k? Pajeet fud articles to buy cheap bags

TreeEater
TreeEater

Using Nordea is a sure sign of a person who hasn't bothered looking up alternatives. They're fags.

Flameblow
Flameblow

Are you people retarded?

Every financial institution does shit like this.

Used to work for MSCI (look it up) and we were banned from trading stocks unless we cleared it with corporate first.

Literally the entire building was (insider) trading on the down low, it was so widespread and such an open secret that checking your account on your phone at lunch in full view of everyone became a meme.

This shit is normal and everyone will ignore it.

MPmaster
MPmaster

absolute desperation tactics.
it was never a question if cryptos succede but which one will be the victor.

All hail LINK

Harmless_Venom
Harmless_Venom

the article is about Denmark lol

viagrandad
viagrandad

Nordea in serious trouble. Stockholm's housing bubble is devastated. Also banks make basically all their moneys from mortgages, nobodys buying. Home ownership rate is dropping like a rock in scandinavia

I wonder why the higher ups at Nordea don't want their executives participating in BTC speculation

Sheeples not allowed to get ahead. Might leave their job

Nojokur
Nojokur

That sucks.

I work in the financial services industry and I do not have to disclose such things.

Emberfire
Emberfire

First they get involved in tax evasion in luxenburg. now the ban usage of crypto. a bunch of fucking fags if you ask me

AwesomeTucker
AwesomeTucker

What? Why would anyone do that?

takes2long
takes2long

Beenbthis way for np Morgan for a while yet jo Morgan themselves mine it. Fishy to say the least; I wouldn’t be surprised they held a huge percentage of hash rate

Gigastrength
Gigastrength

Theres another article out now in norway. They asked all the other big banks and none will ban cryptotrading. The headline is NORDEA stands alone. One bank even encourage cryptotrading but only with what you can afford to lose.

cum2soon
cum2soon

Nice now they will get even more curious about it.

Snarelure
Snarelure

Finland 98% white population
shithole
Mad Chaim?

Crazy_Nice
Crazy_Nice

Nordea is working with Corda and Hyperledger. They endorse crypto trading, they're starting to offer crypto certificates. The Nordics are the most digitized countries in the world and the first to aim for mass adoption. I know of a project where they're going to put property deeds on hyperledger. ChainLink probably involved

girlDog
girlDog

Leave it to eruos to fucking ruin everything

iluvmen
iluvmen

Any government or business "bans" are out of fear and are totally unenforcable.

Government is SCARED of crypto

FUCK GOVERNMENT
HAIL CRYPTO

VisualMaster
VisualMaster

Fucking thank you. These regulations are simply mimicking the rules currently in place for trading of equities and other products - staff aren’t allowed to do it as it introduces a conflict of interest between themselves and their clients.

If anything this is good for crypto, as it legitimises it as an investment product. They wouldn’t bring theee rules in if institutional investors weren’t considering crypto investments for themselves.

Flameblow
Flameblow

Source on that claim? I can not find anything about Nordea not allowing people to cash out crypto profits back to their bank account.
I use Nordea so I would like some confirmation for this if you are serious.

TalkBomber
TalkBomber

Finland is by far the most nationalistic Nordic country, don't know how you people here seem to have a false image that it's like Sweden. It's better off than any Scandi country right now.
Still not good enough though.

MPmaster
MPmaster

Sweden has fallen below russia in terms of crime and safety. Absolute disaster they are at already, and it will get 10x worse coming 10 years. Lost case. Get out while you still can.

Definitely do not buy a house in Sweden anywhear near areas of lots of migrants, they will lose all their value eventually

numbeo.com/quality-of-life/rankings_by_country.jsp

CouchChiller
CouchChiller

What would be a good country to buy houses from with crypto profits and take rentals in them? Even USA is going to be a Brazil-like 3rd world country soon.
Maybe buying in Asia?

Nude_Bikergirl
Nude_Bikergirl

tell those cucks if you want to shitpost on Veeky Forums and trade cryptos at work then that's exactly what you'll do.

farquit
farquit

I would not recommend necessarily to buy a house right now from most of places, just by judging the interest rates we are at. All time lows.

But Estonia probably or something like that. Low taxes, no migrants, good economic growth

SomethingNew
SomethingNew

Sweden has fallen below russia in terms of crime and safety.
T O P K E K

Methnerd
Methnerd

Nordea more like N.Kordea hahahaha

Skullbone
Skullbone

t. pajeet

BlogWobbles
BlogWobbles

The EU is working hand in hand with a team for completely global aml and kyc compliant crypto with biometric identification...

Illusionz
Illusionz

How exactly do you stop your employees from doing something in their free time?

Fried_Sushi
Fried_Sushi

This. For anyone here reading this confused, check out these two comments. I have many friends working at this bank in question, and they have strict rules regarding the trading of normal stocks as well for their employees. Stop taking this as FUD, if anything, it will legitimize crypto as a financial instrument.

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