Denmark’s Saxo Bank has released a set of 10 “outrageous predictions” for next year, among others forecasting that digital rights platforms based on non fungible tokens (NFTs) have the potential to disrupt Spotify’s robust position in the global music distribution industry. The bank explains in a statement that its predictions focus on various unlikely…
Read more
Though Danmarks Nationalbank’s governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Crypto trading volumes continue to increase, but several countries’ central banks are keen to ignore it, with Denmark being the latest to join the “crypto is negligible” narrative. Lars Rohde, governor of the…
Read more
Chainalysis, a provider of crypto transaction data for IRS and FBI, does not think that privacy coins are bad despite not being able to fully track them. A major global company that helps fight illicit cryptocurrency-related activity does not think that privacy in crypto markets is necessarily bad. Despite representing one of the primary sources…
Read more
Denmark-based cryptocurrency users have begun receiving letters from the local tax agency requesting a full background of all their cryptocurrency transactions. Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen (Skat), requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10. In its…
Read more
Is Nordea Bank’s controversial Bitcoin ban protecting employees from themselves or using crypto as a scapegoat? An act of paternalism or a case of generic Bitcoin (BTC) distrust? It is hard to make out the exact reasons for Nordea Bank’s ban on its 31,500 employees trading in Bitcoin or other cryptocurrencies — even on their…
Read more
Three national units of the Red Cross are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies. Three national units of the Red Cross — the largest humanitarian donor after the United Nations — are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies. According to a…
Read more
