Danske Bank named four main risks of cryptocurrencies

Danske Bank named four main risks of cryptocurrencies

Denmark’s largest bank named the risks of digital currencies, urging its clients to be careful about them. At the same time, the bank will not restrict clients’ operations with cryptocurrencies. Danske Bank acknowledged that cryptoassets have already brought significant innovation to the financial services industry, and noted the growing interest of their clients in cryptoassets. Danske Bank praised the potential of blockchain technology, but cited several reasons why a cautious approach should be taken when…

Spanish bank BBVA will launch services for the storage and trading of bitcoin in Switzerland

Spanish bank BBVA will launch services for the storage and trading of bitcoin in Switzerland

The Swiss branch of the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) will start providing Bitcoin storage and trading services to its private clients on June 21. Initially, the offer will only apply to Bitcoin, but other cryptocurrencies are planned to be added in the future. At the same time, the bank warned that its new service will not provide any consulting services on investments in crypto assets. With Bitcoin becoming part of the bank’s…