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Danish Financial Watchdogs Crackdown on Crypto Exchanges
Denmark’s financial watchdogs are taking a strict stance in the form of a crackdown on crypto exchanges and payment processors. It is happening because of a ban on local banks holding cryptocurrencies. The move aims to safeguard the banks from trading risks. The Danish Financial Supervisory Authority (DFSA) has now ordered Saxo Bank, a Danish financial firm, to sell its cryptocurrency assets. Danish Financial Watchdog Cites Regulatory Breach in Saxo Bank’s Crypto Operations According to the DFSA, Saxo Bank’s involvement with cryptocurrencies exceeds the permissible scope of banking activities. It is outlined in ... (full story)