This bank has got departments in Trondheim (Norway) and Vilnius (Lithuania). According to the announcement on its website, the company does not presently allow any cryptocurrency transaction. Cryptocurrencies are not held by a central bank, so the bank declares about the lack of the investor and consumer defence commonly connected with with traditional investments and currencies.

Also, cryptocurrencies have been strongly volatile and the price formation is non-transparent, as it was said in the message. All these points have formed a very limited position of the investors about the development of the market and what factors do control the price.

The bank accentuated the lack of the framework control and transparency as the most significant reasons for not investing in cryptocurrencies. These problems have made digital money a target money laundering and extortion.

Danske Bank requires that a financial establishment is obliged to assist in the struggle against the crimes. Today cryptocurrencies do not correspond to the optimal level of transparency for the bank to fulfil anti-money laundering (AML) obligations.

Though, as it was said in the notice, the bank might be able to change his decision relatively to cryptocurrency, if the trading market becomes more developed and
limpid.

The cryptocurrency surrounding environment is also will not been supported by the bank. It has refused from the opportunity of buying financial instruments that could influence on the price of cryptocurrencies. Such instruments may also include the exchange trade notes which reflect the price of the cryptocurrency. The exchange trade notes are characterised by volatility and strong risk.

Danske Bank does not forbid using of its bank-issued credit cards connected with cryptocurrency trading. But the customers are recommended to adhere to the current anti-corruption procedures and AML rules.