LHV Bank: It’s fair to say we support the core values of bitcoin

Announcements | January 20, 2016 By:

LHV Bank‘s cryptocurrency product manager Jüri Laur said in an interview that LHV remains interested in both digital currency and distributed ledger applications for the technology.

“It’s fair to say we support the core values of bitcoin – namely decentralization and open permissionless innovation. That being said, we are a bank and have to operate within a certain legal framework and take all regulations very seriously which limits our choices at times,” said Laur.

As for the size and scope of LHV’s internal initiatives, Laur said the bank has yet to build a separate department, but he noted that the company is taking active measures to ensure its employees are well-versed on the emerging technology.

LHV Bank is an Estonian banking and financial services company headquartered in Tallinn.