Bitcoin Too Risky to Touch Unless It’s Regulated, Nordea Says

Bitcoin is off limits for Nordea Bank Abp’s employees and clients get no support if they want to trade it.

That won’t change unless the cryptocurrency is one day subject to financial regulation, according to Nordea’s chief executive, Frank Vang-Jensen.

Bitcoin is “high-risk” and “very volatile,” on top of the “liquidity risk,” he said. “And then, there will be a money-laundering risk as well.” The reason Nordea doesn’t want anything to do with it “is, simply, it’s unregulated,” Vang-Jensen said in an interview.

Nordea’s stance on Bitcoin shows how the cryptocurrency continues to divide opinion. Tesla Inc. just ...