It is understood that the Nordic bank Nordea will prohibit employees hold bitcoin!

It is understood that the Nordic bank Nordea will prohibit employees hold bitcoin!

This week the News.Bitcoin.com website came heavy news, the Nordic bank Nordea will establish a new company policy, employees holding or trading cryptocurrencies will prohibit. This news release, a bank clerk said the bank is anonymous, carry out such a plan.

There are rumors that Twitter on December 12, 2018:

Nordea bank “banned all of its employees (at least in Sweden) to hold and trade bitcoin and other encryption currency. Including Peru, IT staff, cleaners and any bank employees hired by the company. This is legitimate?”

Twitter @samisin asks the user.

Nordea bank NordeaBankAB has more than $five hundred billion in assets, is one of the largest banks in europe. Allegedly, the bank executives have been on the lack of supervision of the bitcoin is very worried. Recently complained that actually skip the traditional banking system allows bitcoin, this is really a joke. “”.

However, if you want to pass such as a Nordea to support the National Bank of the regular channels, bitcoin could not exist. Is the ordinary people’s support, it was able to survive and thrive.

This news release, a bank clerk anonymous provides relevant documents.

According to the News.Bitcoin.com memo: Nordea to the decision of the board on December 13, 2017, the bank’s employees are not allowed to hold and trade bitcoin or other encryption currency. When asked how to deal with employees already have encryption currency, the bank did not reply immediately.

    

The memo from Yammer, some enterprises for private communications and social networking sites, the site can be viewed only by invitation only.

Another message from the bank further elaborated the new regulations:

“The ban will take effect in late February, because the encryption currency is highly speculative, high investment, high risk of fluctuations, also involved in money laundering and tax evasion. Unless special circumstances, including the prohibition of all transactions. If the financial instrument and encryption currency Nordea own, or R & D personnel of the bank products due to work on encrypted currency is small investment, or BA/GF were responsible for the investment in the group permission is exempt.”

Because the agency employees, with 33000 members of the Swedish financial industry alliance Financialf? Rbundet bank representative, reportedly ready on Tuesday January 16, 2018 at an internal meeting to discuss how to make a formal response to the ban.

For the bank employees have banned bitcoin, what do you think? Please tell us in the comments section below.

Zhejiang police arrested the hacker illegal profits of more than 6000 yuan coins

Zhejiang police arrested the hacker illegal profits of more than 6000 yuan coins

    

In 2017 the outbreak of several “bitcoin virus” in the global scope, is to get bitcoin blackmail by the virus. One of the most famous is the eternal blue, which is based on the Windows network worms malicious code sharing protocol attack propagation. This is the transformation of criminals through the previously leaked NSA hacker arsenal “eternal blue” attack program of network attacks. Within five hours, including the UK, Russia, Europe and Chinese many domestic university campus network, enterprise network and large government agencies network caught, extortion pay ransom to decrypt the recovery file, causing serious damage to the important data.

Learned from the Zhejiang provincial police in Jinhua City, Jinhua City Public Security Bureau Jindong branch recently arrested a use of computer system vulnerabilities implanted virus suspects illegal profits. The man used earlier in the global network attacks lead to a large number of “eternal blue” attack program, computer control others to profit.

In May 12, 2017 the “eternal blue” blackmail when the virus attacks worldwide, technology Indoorsman small 23 year old Zhejiang city of Jinhua province also act up. But small not blackmail, but in mining”.

The so-called “mining” is the hacker to control some of their own computer or system, the remote control of the computer or system is called “chicken”, the use of loopholes after the server control server into a mining “chicken”, so as to obtain the bitcoin virtual currency such as currency or Monroe. Continuous use of loopholes in the system to the more than 100 computer into the “eternal blue” extortion virus, and the computer for remote control. In a week of illegal profits of more than 6000 yuan.

Bitcoin ETF will be listed in the United States successfully approved it

Bitcoin ETF will be listed in the United States successfully approved it

Runaway commentary Effect: bitcoin ETF market will be great, so it has been a lot of attention, investors can expect is approved, but the SEC’s attitude seems, within a short period of time is unlikely to be approved. After all, this encryption currency in global acceptance is not high. Of course there are Sweden, Switzerland, Japan, Italy has begun to accept publicly traded currencies encryption. While Europe is mainly bitcoin exchange traded notes, the ETF and the different types of risk trading products. But with the scale of encryption currency rise, this is probably only a matter of time.

Translation: Annie_Xu

Most bitcoin enthusiasts for its doubts, the United States or other countries will government regulatory bitcoin Exchange Traded Fund (ETF).

Despite the great attention of bitcoin and other encryption currency has access to global investors, government departments, banks and many other institutions did not accept this digital currency.

XBT Provider, director of investor relations Ryan Radloff said, this is the actual standoff between banks and regulators, banks will only accept money after regulators in encryption. Although it is in most countries, a few countries such as Sweden is an exception, these countries have been encrypted currency in the Nasdaq Stock Exchange publicly traded.

The status of bitcoin

The classification and status of American regulators bitcoin has not been determined, the U.S. Securities and Exchange Commission (SEC) has not yet how to evaluate the bitcoin classification problem, does not seem to have results soon.

SEC has refused to provide two bitcoin ETF institutions to potential investors, it seems to encounter obstacles in law.

Radloff said that after the two SEC solution for bitcoin seems to be in the short term will not be recognized, but if SEC believes that this encryption monetary advantage, or there may be a breakthrough.

Other countries bitcoin

Although the United States bitcoin’s attitude is very strict, other countries seem to be more open. For example, Sweden, Switzerland, Japan and Italy are openly traded bitcoin, and the corresponding supervision. Radloff also said that more countries will accept the future encryption currency.

It is important that Europe has bitcoin exchange traded products, but they are not ETF, but the exchange traded notes (ETN), similar to ETF, but different types of risk. However, Radloff said, European investors and regulators are more accustomed to ETN.

COINXBE and COINXBT ETN in Nasdaq Nordic listed transactions. Another type of ETN bitcoin products recently from Gibraltar Stock Exchange (Gibraltar Stock Exchange) delisting.

Behind one board of the managing director of Nick Cowan is expected to soon be listed outside the two similar bitcoin products, and many other encryption products based on a basket of currencies.

To persuade the United States

Although the market is relatively new, has received great attention from investors. However, the only problem is that government regulation and licensing. University of Cambridge Center for Financial Research (Center offbeat for Alternative Finance) said the 46% exchanges are not regulated by the government. It is said that the other 54% did not get the license.

Although it is difficult to convince us regulators to accept bitcoin, but is still possible, because they were looking for transparency and stability. The reason there is no approval, because it involves a lot of money, so the risk is very high.

Although it is not the next countries accept encrypted currency, but it is only a matter of time. When the United States saw a large number of countries do, is also likely to join in.

The European Union through legislation to strengthen the regulatory bitcoin to crack down on money laundering

The European Union through legislation to strengthen the regulatory bitcoin to crack down on money laundering

The European authorities (EU) has been firmly control bitcoin, because they think that other digital currency bitcoin money laundering crime and increase financing channels.

According to reports, many of the current mainstream British banks had already been associated with money laundering and criminal organization funds. Researchers think the traditional financial products than bitcoin is more vulnerable to the terrorists.

The EU to strengthen supervision of bitcoin

EU officials have been concerned about bitcoin money laundering and other issues, the European Financial Committee and the Executive Committee have stepped up efforts to combat crime, money laundering bank in europe. Since February 2016, the EU has been committed to cancel the anonymity of bitcoin transactions, including anonymous channels and other encryption currency prepaid card.

Last year, the EU government agencies have been drafted and submitted proposals, plans to block chain information without authorization “to achieve rollback access, criminals on the use of electronic money laundering.

EU regulators seem to be similar to bitcoin so small, and to the center of the electronic money economy is not friendly, especially in recent years, the traditional financial giant illegal money laundering billions of dollars of case.

The traditional financial products are more vulnerable to terrorist use

Recently there are some association between media exposure found Russian money laundering organization and a number of UK financial institutions, these banks including 17 covering European financial companies, such as Barclays Bank, Royal Bank of Scotland, Lloyd and HSBC.

HSBC with $545 million 300 thousand in cash money laundering, and most of them are carried out by the Hongkong branch. The guardian said. “The UK has a 71% stake in Royal Bank of Scotland is the amount of money laundering $113 million 100 thousand.”

This week the European Union lawmakers submitted a draft report, plans to increase the number of new bitcoin amendments in the EU regulatory guidelines.

The amendment shows that when it comes to anonymity, especially the public block chain like bitcoin, should strengthen supervision.

The Royal United Services Institute consultant DavidCarlisle explained: “bitcoin as a special threat, will produce a misleading impression. But in fact, the traditional financial products more vulnerable by terrorists.”

Bitcoin prices rose to a new high of three years or ETF will be approved in the United States

Bitcoin prices rose to a new high of three years or ETF will be approved in the United States

According to Reuters, digital currency bitcoin reached the highest level in three years on Thursday, due to speculation that the first bitcoin Exchange Traded Fund (ETF) will be established to obtain U.S. financial regulatory approval.

The traditional financial players is not too like this network encryption money based on that variable is too big, too complex and risky, and doubt its intrinsic value.

This year has risen by 17% bitcoin, the Bitstamp exchange in Europe continue to rise by about 1% per bitcoin $1160. This price is only slightly less than $1163 in November 2013 hit the highest record.

Some analysts believe that bitcoin Exchange Traded Fund (ETF) approved the establishment, will allow the currency to the market more attractive to investors more cautious.

Three tracking bitcoin value ETF has the U.S. Securities and Exchange Commission (SEC) submitted the application for establishment.

In March 11th SEC will decide whether to approve Cameron and TylerWinklevoss submitted four years before the application. If approved, it will become the first issued by the entity and the supervision of bitcoin ETF.

Digital currency analysis company CEO Cryptocompare CharlesHayter said: “if approved, it will certainly give bitcoin prestige and strength.”

“Maybe the key will be to bitcoin funds. There may be frequent retail trading in the short term, but in the end will bring a certain degree of stability.” He said.

In the past year, bitcoin fluctuations on the maximum is about 10% compared with the traditional currency — is not stable, but the rate has been less than 40% times in 2013.

Bitcoin prices rose 125% in 2016, more than any one currency. This advantage is sustained since 2010 so far. The S & P 500 stock index rose 9.5% last year.

Italy’s largest taxi companies to accept bitcoin payments

Italy’s largest taxi companies to accept bitcoin payments


Italy’s largest taxi company CooperativaRadioTaxi3570 now to accept bitcoin payments. The company has more than 3700 taxis in Rome, each year more than 10 million taxi service.


About RadioTaxi3570


RadioTaxi3570 was founded by 100 members in November 1968, its website says that RadioTaxi3570 belongs to all taxi drivers in Rome.


The company has the lowest price publicity in europe. It’s probably a day switchboard received 30000 phone, the 7000 from foreign tourists.


RadioTaxi3570 Italy is the first to obtain ISO9001 certification of the taxi company. It also won the 2010 and 2012 ICT innovation award. The company said:


“Radiotaxi3570 is the industry’s largest company, is also the largest electric electric taxi company called europe.”


Accept bitcoin payment


According to the RadioTaxi3570 website description of current payment methods including bitcoin, credit card, Bancomat and Paypal.


To accept bitcoin payments is realized by bitcoin startups Chainside. In September, Chainside and Italy call taxi Alliance (URI) and founder of LorenoBittarelli, to achieve cooperation, to provide a wallet, invoice and monitoring service. President Bittarelli is RadioTaxi3570.


URI Chainside integration platform in the intelligent mobile phone and tablet computer reservation application ITTaxi. RadioTaxi3570 also use the application. The user connected to the ITTaxi to the itinerary and route calculation and price. Users pay for bitcoin will jump to the Chainside page. When a payment received, ITTaxi will receive a confirmation message.


Taxi hacker Marathon


The use of bitcoin payment in cooperation with Chainside URI and RadioTaxi3570 is not the primary exploration. In June 2015, they co hosted a marathon in the industry RadioTaxi3570 media center. TaxiHack is the first hacker marathon. Two day event is jointly organized by URI and Codemotion.


The winner of the marathon is the BitTaxi application, the application allows users to pay with bitcoin. Our team has created an integrated module in ITTaxi, the company’s website wrote. In the marathon, Bittarelli comments:


“It’s hard to imagine all the people are able to accept bitcoin payments, but we want to express is that we always welcome and encourage innovation. We have been to innovation as growth factors. We want to send a strong signal to our competitors.”


Once the BitTaxi ITTaxi bitcoin payment module, RUI and RadioTaxi3570 will be able to have a variety of ways to accept bitcoin. RadioTaxi3570 and URI are used in the application, the former has 3700 taxis, the latter 50 in the city of Italy has about 12000 members. According to Bittarelli, the ITTaxiapp has been extended to the more than 50 national city.


Mario Draghi reiterated that Bitcoin regulation is not the responsibility of the European Central Bank

nBankruptcy comment: ECB President Mario Draghi pointed out last fall that the bank has no right to oversee cryptocurrencies such as bitcoin. Recently, he reiterated this view once again, saying that this work is not the responsibility of the European Central Bank. Although the Bitcoin market has undergone many major events since he last made this announcement, none of this clearly changed his perception of bitcoin. This may indicate that the ECB is still not going to focus on cryptocurrencies for the time being.n
nTranslation: Inan
ECB President Mario Draghi said regulation of cryptocurrencies is not a job for the European Central Bank.n
In the ECB’s #AskDraghi series of videos, Draghi said he sees many Twitter users asking if the European Central Bank will regulate or even ban Bitcoin.n
In response to this question, he said:n
n”This is not the ECB’s responsibility.”n
nDraghi will also respond to a college student’s “whether to recommend buying bitcoin” issue.n
He pointed out he was “serious” about buying bitcoin because he did not think bitcoin was a currency and claimed that the value of bitcoin fluctuated too much and was not as stable as the euro.n
Turning to the decentralized nature of cryptocurrencies, he said: “The euro is backed by the European Central Bank, the U.S. dollar is backed by the Federal Reserve, the currency is backed by the central bank or its government, and Bitcoin does not.n
Draghi is not the first to express this view on cryptocurrency and its regulatory issues. He said in September 2017 that the ECB “has no power” to regulate bitcoin, and in November said the impact of the cryptocurrency on the world economy was limited.n
Just as the European Central Bank released the video, the bank also published an article explaining bitcoin explaining in more detail its perception of bitcoin.n
In addition to the price fluctuations mentioned by Draghi and the lack of institutional or government support, the article also pointed out that Bitcoin is not widely accepted and that such “transactions are slow and expensive.”n
At the same time, the article also mentioned that the user can not get the legal protection when the wallet is black and bitcoin is stolen.n

EU’s three major regulators warn of the high risk of encrypted currency investments

nThe runaway comment: European regulators, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupation Pensions Authority (EIOPA), recently issued a joint statement addressing the high investment in cryptocurrencies Risks alert residents of the European Union that the investment in cryptocurrencies is currently not protected by EU law. In fact, there is increasing discussion within the EU about this emerging area, a phenomenon that may trigger real regulatory action.n
nTranslation: Inan
The EU’s three regulators sent a warning on February 12 to EU residents considering investing in cryptocurrencies.n
A concise statement co-authored by ESMA, EBA and EIOPA indicates that the cryptocurrency market is volatile and lacks regulation and may Investors have suffered heavy losses, warning investors that “there is a high risk of buying and / or holding so-called virtual currencies.”n
The three regulators, collectively known as the European Regulators (ESAs), say they are likely to lose all their money if they choose to invest in cryptocurrencies, especially if there is a clear bubble in the current market.n
The statement wrote:n
n”Virtual currencies and exchanges that allow consumers to do such transactions are not subject to EU law, which means that consumers who buy virtual currency do not have any protection associated with regulated financial services, for example, if the virtual currency transaction Closed or the funds deposited by consumers stolen from cyber-attacks, none of the EU laws could recover its losses. “n
nThe statement made explicit reference to bitcoin, etheric, Litecoin, and Swisscoin, and further noted that other cryptocurrencies are typically sold without providing any information about their background or buying risk.n
ESAs said part of the risk of this transaction stems from the difficulty of trading cryptocurrencies as a result of delays in transactions. Users could have been able to buy a certain amount of cryptocurrencies for a certain price, but the network congestion meant they would have to buy less cryptocurrencies for a higher price.n
For residents who still want to invest in cryptocurrencies, the statement advises them to understand the characteristics of the tokens being sold and to not over-invest beyond their ability. In addition, users should take steps to ensure the security of their digital wallet.n
Recently, the EU started to discuss more about cryptocurrency market and its risks, as well as potential regulation.n
ESMA said last week that cryptocurrency will be one of the top priorities for its work in 2018, and a day later senior French and German officials called for the G20 to discuss cryptocurrency cooperation ahead of next month’s summit.n
In the meantime, Yves Mersch, an executive board member of the European Central Bank, expressed concern about the apparent “gold rush” in the cryptography market and said regulatory measures could be taken to force unregulated exchanges to report on their transactions.n

European Central Bank Executive Board member Mersch expressed concern about cryptocurrency “gold rush.”

nBankruptcy Review: The managing director of the Bank for International Settlements once said that the modern endorsement of public monetary credit must be trusted, flexible and tested, and as a result, it is a scam and bubble to criticize the cryptocurrency. ECB Executive Board members also expressed concern, but his focus was on cracking down on illegal use and collecting data to analyze how to conduct reasonable and effective supervision. The EU’s top securities regulator, the European Securities and Markets Authority is also the center of gravity for the new year with cryptocurrency regulation, not a ban. At least for the moment technically, the credit endorsement of cryptocurrencies is an advantage, and the only thing that needs to be done is the test of time.n
nTranslation: Annie_Xun
ECB Executive Board member Yves Mersch expressed support for the recent statement by Agustin Carstens, managing director of BIS, Bank for International Settlements, calling Bitcoin a bubble, a Ponzi scheme and a threat to the central bank.n
The Financial Times reported that Mersch said that although regulators have taken a wait-and-see approach to cryptocurrency, “its agenda has been advanced” due to the acceleration of speculation at the end of last year. “n
However, while BIS shares the same concerns with Carstens, the market has not yet reached a level sufficient to affect the overall economy.n
In fact, the central bank is “more concerned about the social and psychological impact of market speculation.”n
Mersch said:n
n”There is so much cash flow, just like gold rush, but no gold.”n
nHe also mentioned the illegal use of cryptocurrencies in money-laundering and terrorist financing, and may require a solution to “force” non-regulated exchanges to report transactions and provide the ECB with “data to identify better response scenarios.”n
Carstens argued on February 6 that cryptocurrencies could become “parasites” in the financial system and must apply the same standards as banks and payment services. Do not allow cryptocurrencies to vandalize the central bank’s credit.n
At that time he said:n
n”A trusted, flexible, proven modern way of providing credit for the public money is an independent central bank.”n
nThe day before Mersch issued a statement, the EU’s top securities regulator, the European Securities and Markets Authority, released a report that cryptocurrencies will be one of the top priorities in 2018.n
In its 2018 regulatory calendar, one of the five major tasks of the year was to monitor developments in financial innovation, including cryptocurrencies and blockchains.n

License Hand: bitcoin exchange bitFlyer into the European market

nRunaway Comment: bitFlyer, the Japanese bitcoin exchange, announced its official entry into the European market following its move to the United States last year. According to the official announcement of the exchange, it has now been approved by regulatory authorities in Europe and will enter the European market as an EU-recognized payment institution (PI). After this license, the exchange became the first “bitcoin exchange” regulated in Japan, the United States and Europe, which greatly encouraged the development of the entire virtual currency industry.n
nTranslation: Clovern
BitFlyer, the Japanese bitcoin exchange, announced its official entry into the European market after expanding globally in the United States last year.n
Bitflyer, one of the earliest and largest cryptocurrencies trading platforms in the world, has now been approved by regulatory authorities in Europe and will enter Europe as an EU-recognized payment institution (PI).n
The Tokyo exchange mentioned in its announcement that it has obtained a payment agency license (PI) from the Luxembourg Commission of Financial Regulators and the Luxembourg Financial Technology Foundation (LHoFT). Luxembourg Finance Minister Pierre Gramegna said:n
n”We are very pleased to see that one of Japan’s top start-ups has chosen Luxembourg as a platform to enter the EU.”n
nBitFlyer is duly licensed and will operate a wholly owned subsidiary of bitFlyer Europe – bitFlyer in the EU market following the rules adopted by similar banks.n
As the first bitcoin exchange regulated in Japan, the United States and Europe, bitFlyer’s CEO and founder Yuzo Kane said:n
n”I’m proud that we are now the most compliant virtual currency exchange in the world and this superb regulatory position gives our customers, companies and the virtual currency industry as a whole a promising development.”n
nbitFlyer’s European office is located in Luxembourg and its first focus will be on large and professional traders, bringing them previously unfulfilled services. bitFlyer Europe is officially offering bitcoin-to-euro trading and is set to open trading services to other cryptocurrencies such as LTC, ETH, ETC and BCH this year.n
bitFlyer has three major Japanese banks as investors. According to CoinMarketCap data records, its current trading volume ranks first in Japan and fifth in the world. In the first five months into Europe, bitFlyer received regulatory approval, including the New York BitLicense, officially entered the 34 states of the United States.n