Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first million came from. Many of the speculators are Lithuanian taxpayers.
Also read: Nordic Region’s Largest Bank Nordea Suspected of Money Laundering
Ontario-based cryptocurrency exchange Coinsquare announced on Thursday, August 23, its plan to expand into the European market in the fourth quarter of this year. The company wrote:
