So I asked my bank if I can use my card to purchase crypto and here is my response: “You can not trade with Crypto or invest in Crypto in our bank (intentionally hidden)”.
As far as I’m concerned, [cryptocurrency is allowed in Denmark](https://www.skat.dk/skat.aspx?oid=2291754). Anyone have good resources to confirm this, so I can show him and also know that what Im doing is not illegal? I’m a non-EU, so these could mess up my visa. Also, any crypto + investment friendly banks, services do you recommend?
P/s: Why on earth do I have to ask for permission on how to use my money?
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Well. Of course you can use your card on crypto platforms for example crypto.com.
But you can’t invest directly in the bank.
I read
> “You can not trade with Crypto or invest in Crypto in our bank (intentionally hidden)”.
as “we do not offer the service of crypto-trading”
The solution is to find a trustworthy platform where you can trade crypto, and transfer the amount of money you wish to trade with, to that platform.
Banks want nothing to do with crypto in general. Not because it’s directly illegal (it’s not) but because of the Anti-Money-Laundering part.
Edit: Before the crypto fans arrive. This isn’t particular to crypto, banks have several types of business they simply don’t want. Some don’t even want Americans as customers at all since it exposes them to a lot of american regulation that they then have to spend money to comply with.
You can thank the financial crisis and terror financing for all of this “know your customer” legislation that now bogs down all of us.
I’ve had to jump through hoops to open an account for a sports club myself as well as pay extortion rate fees to even have it.
Banks want nothing to do with crypto as It completely undermines the reason for their existence. They ofc won’t support any crypto initiatives. Open an account with kraken.com
I have never withdrawn from crypto to fiat, so no clue on those restrictions in Denmark, but funding an exchange account should be doable with any Visa Credit (and not Visa Debit) card, BankNorwegian as an example.
>Anyone have good resources to confirm this, so I can show him and also know that what Im doing is not illegal?
He didn’t say it was illegal. He said their bank doesn’t want it done from accounts associated with their bank.
>P/s: Why on earth do I have to ask for permission on how to use my money?
You don’t. Withdraw any amount and use it as you would. What you need their *permission* for is when you want to use them as the middle-man in your transactions.