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A Danish financial authority says unregulated trading in crypto-assets causes distrust in financial markets.
Saxo Bank A/S’ trading in crypto-currency assets for its own account was “outside the legal business area of financial institutions,” according to a recent ruling by the Danish Financial Supervisory Authority, which ordered the Copenhagen-based bank to “dispose of its own holdings of crypto assets.” “On 4 July 2023, the Danish Financial Supervisory Authority [FSA]...
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