Dutch Bank ABN AMRO Bitcoin Wallet Ceased

The ABN AMRO bank based in Netherlands has abandoned its plans to launch a custodial bitcoin (BTC) wallet dubbed “Wallie” because of risk concerns. The bank’s senior press officer, Jarco de Swart, said in an email that the bank decided not to continue its plans after it concluded that cryptocurrencies’ unregulated nature are at the moment too risky assets for our clients to invest in. The rumors concerning alleged tests of the wallet first started in January.

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