Denmark's Saxo Bank, which was designated as a systemically important financial institution last month, has been ordered to dispose of its own crypto holdings by the country's financial regulator.

#SaxoBank #regulations #crypto #Denmark $BTC

Danish authorities have forced Saxo Bank to sell #crypto holdings. To counter market risk associated with its crypto-active products, the bank had been holding a portfolio of digital assets as a hedge. However, Danish Financial Supervisory Authority (FSA) isn't impressed.

#digitlassets #SaxoBank #crypto2023

Danish financial regulator orders Saxo Bank to liquidate its crypto asset portfolio.

$BTC

#WebGTR #SaxoBank #crypto #portfolio #bitcoin