{"id":243499,"date":"2019-12-04T17:14:15","date_gmt":"2019-12-04T22:14:15","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=243499"},"modified":"2019-12-04T17:14:15","modified_gmt":"2019-12-04T22:14:15","slug":"danish-court-upholds-banks-ability-to-prevent-workers-from-owning-crypto","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/danish-court-upholds-banks-ability-to-prevent-workers-from-owning-crypto","title":{"rendered":"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Nordea bank, a Scandinavian financial services giant, is free to restrict its employees from holding or dealing in any digital assets, according to the ruling of a Danish court.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to a\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"http:\/\/www.arbejdsretten.dk\/media\/1233477\/dom%20-%20nordea.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">release<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0from the Danish court on December 3, judges have ruled that the bank is justified to restrict its workers from owning the assets, citing the fact that cryptocurrency investments and transactions carry severe risks. However, while it could control access to crypto-assets, the court clarified that its ruling didn\u2019t apply to financial instruments that were associated with the digital currencies the bank had already sold to customers.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ruling also didn\u2019t cover any cryptocurrencies that Nordea\u2019s employees might have held prior to the bank imposing the restriction.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Protecting employees from criminal activities\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In what came as a shock to any, Nordea instituted the ban at the end of January 2018, shortly after the crypto winter that engulfed the entire market last year kicked off. The bank is currently the largest in all of Scandinavia, so the restriction affected to about 31,500 at the time. The bank\u2019s excuse for doing this was to prevent its employees from engaging in any \u201ccriminal\u201d transactions or participating in unethical deals across a largely unregulated market.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As expected, the move didn\u2019t go down well with the bank\u2019s employees or labor unions. Immediately the proposed ban was announced, the DJ\u00d8F Union and the Danish Financial Federation (Denmark\u2019s union for financial industry employees) filed a suit against Nordea, accusing the bank of unethically interfering with the personal lives of its employees.<\/span><\/p>\n<div class=\"su-quote su-quote-style-default\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">\u201cWe filed suit because of the principle that everyone obviously has a private life and the right to act as a private individual. It was important for us and our members to establish what rights managers have. In this case, it was more far-reaching than what we find to be appropriate.\u201d<\/div><\/div>\n<p><span data-preserver-spaces=\"true\">With the new ruling, Nordea wins, and the ban stands. Despite the several positive steps towards providing regulatory clarity for cryptocurrencies across the world, the largest bank in the Scandinavian region sees cryptocurrencies as a \u201ccriminal\u201d assets that operate across an \u201cunregulated\u201d global market. Some views, however outrageous, really never change.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Russia Pushes Crypto Ban\u00a0\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Of course, Denmark isn\u2019t the only country where efforts to restrict crypto assets are being shoved down the throats of consumers. A similar story is growing in Eastern Europe. Russian news medium Izvestia\u00a0<\/span><span data-preserver-spaces=\"true\">reported<\/span><span data-preserver-spaces=\"true\">\u00a0that the <a href=\"http:\/\/insidebitcoins.com\/news\/russia-showing-plans-of-blanket-banning-crypto-payments\/243222\">Kremlin<\/a> is currently working on banning the use of cryptocurrencies as a means of paying for goods and services across the country.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Per the report, the effort is being spearheaded by the country\u2019s central bank, financial regulator and Ministry of Finance, and while there is no official technique or method presented to get this one, the pates believe that the propensity for crypto assets to be used as a means of committing crimes makes them a threat. So, instead of looking into how to regulate the assets to restrict their criminal application, they believe that an outright ban will be the perfect solution.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Nordea bank, a Scandinavian financial services giant, is free to restrict its employees from holding or dealing in any digital assets, according to the ruling <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/danish-court-upholds-banks-ability-to-prevent-workers-from-owning-crypto\" title=\"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0\">[&#8230;]<\/a><\/div>","protected":false},"author":1770,"featured_media":243504,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[7598,9968,9969,9967,7646],"class_list":["post-243499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-crypto","tag-denmark","tag-kremlin","tag-nordea-bank","tag-russia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Scandinavian financial giant Nordea bank can bar its employees from holding or dealing in crypto, according to the ruling of a Danish court.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0\" \/>\n<meta property=\"og:description\" content=\"Scandinavian financial giant Nordea bank can bar its employees from holding or dealing in crypto, according to the ruling of a Danish court.\u00a0\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-04T22:14:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"679\" \/>\n\t<meta property=\"og:image:height\" content=\"452\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jimmy Aki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adejimi\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jimmy Aki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\"},\"author\":{\"name\":\"Jimmy Aki\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\"},\"headline\":\"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0\",\"datePublished\":\"2019-12-04T22:14:15+00:00\",\"dateModified\":\"2019-12-04T22:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\"},\"wordCount\":525,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg\",\"keywords\":[\"Crypto\",\"Denmark\",\"Kremlin\",\"Nordea Bank\",\"Russia\"],\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\",\"name\":\"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0 - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg\",\"datePublished\":\"2019-12-04T22:14:15+00:00\",\"dateModified\":\"2019-12-04T22:14:15+00:00\",\"description\":\"Scandinavian financial giant Nordea bank can bar its employees from holding or dealing in crypto, according to the ruling of a Danish court.\u00a0\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg\",\"width\":679,\"height\":452,\"caption\":\"nordea bank\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\",\"name\":\"Jimmy Aki\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"caption\":\"Jimmy Aki\"},\"description\":\"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jimiakinleye\/\",\"https:\/\/x.com\/adejimi\"],\"knowsAbout\":[\"Cryptocurrency\",\"Investment and Blockchain Development\"],\"jobTitle\":\"Editor\",\"url\":\"https:\/\/insidebitcoins.com\/author\/jimmyaki\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0 - InsideBitcoins.com","description":"Scandinavian financial giant Nordea bank can bar its employees from holding or dealing in crypto, according to the ruling of a Danish court.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499","og_locale":"en_US","og_type":"article","og_title":"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0","og_description":"Scandinavian financial giant Nordea bank can bar its employees from holding or dealing in crypto, according to the ruling of a Danish court.\u00a0","og_site_name":"InsideBitcoins.com","article_published_time":"2019-12-04T22:14:15+00:00","og_image":[{"width":679,"height":452,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg","type":"image\/jpeg"}],"author":"Jimmy Aki","twitter_card":"summary_large_image","twitter_creator":"@adejimi","twitter_misc":{"Written by":"Jimmy Aki","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499"},"author":{"name":"Jimmy Aki","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad"},"headline":"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0","datePublished":"2019-12-04T22:14:15+00:00","dateModified":"2019-12-04T22:14:15+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499"},"wordCount":525,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg","keywords":["Crypto","Denmark","Kremlin","Nordea Bank","Russia"],"articleSection":["Breaking Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499","name":"Danish Court Upholds Bank\u2019s Ability to Prevent Workers from Owning Crypto\u00a0\u00a0 - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg","datePublished":"2019-12-04T22:14:15+00:00","dateModified":"2019-12-04T22:14:15+00:00","description":"Scandinavian financial giant Nordea bank can bar its employees from holding or dealing in crypto, according to the ruling of a Danish court.\u00a0","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-26.jpg","width":679,"height":452,"caption":"nordea bank"},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad","name":"Jimmy Aki","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","caption":"Jimmy Aki"},"description":"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.","sameAs":["https:\/\/www.linkedin.com\/in\/jimiakinleye\/","https:\/\/x.com\/adejimi"],"knowsAbout":["Cryptocurrency","Investment and Blockchain Development"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/author\/jimmyaki"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1770"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=243499"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/243499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/243504"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=243499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=243499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=243499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}