Are bankers allowed to invest in crypto (bitcoin) without telling compliance?

at a BB and no we don't need pre-clearance for that

i mean it's not possible to trade bitcoin on insider info and that's the whole point of compliance...

I would check with your compliance department. Each firm likely has their own nuances

My firm's compliance policies specifically say that as long as you can't trade securities from the account, you dont need to register a crypto trading account. Similarly, Crypto is not a security and does not require pre-clearance to trade. However, they consider mining and staking to be outside business activities and do require pre-approval.

.

We had a discussion around this within our group and cryptos are not included in our compliance guidelines.
Check your HR/compliance intranet and it should clearly state what is allowed and what isn't.

Excellent advice about trading.
It's very relevant and profitable now

It's all a formality.

I don't think you can have any problems because of that.

Yes

good question, I checked with our compliance team and cryptos are explicitly not on the list of investments they are monitoring. And I wasn't the first guy with this question either, they will issue a more formal document now because so many staff are approaching them with this.

Buy it and store it offline on a hardware wallet and nobody will ever know you had crypto.

JPM no clearance required on crypto

WallStreetOasis.com - wtf is happening here? Bots?

I've worked at 2 BBs and both require disclosing mining as an outside business activity but not required to disclose trading itself.

Also have a cousin who works in PWM for the same BB and told me she isn't allowed to trade crypto at all, no idea if that's a PWM specific rule or if she's just being overly cautious and misinterpreted something.

That said every firm is different especially with you being in the UK so check your own employer's rules. 

I think not, since isn't the whole point is that it is decentralized?

Yes you can.

Normally you don't need compliance clearance for crypto, but you should check since different banks have different rules.

As someone mentioned above, the key consideration for trading restrictions is whether you'd be able to trade on MNPI, which could apply to most stocks but usually not crypto. 

I applaud 'Recovercoin @ rescueteam . com' for their services, I was really impressed. I was able to recover my stolen BTC in no time, very clear and concise. they managed to get a very complex case through without any issues.

The only thing for which compliance approval is not required if bankers want to sleep with your mom, wife, and sister. Everything else needs to be unfortunately compliance approved 

Have you gotten yourself involved in a cryptocurrency scam or any scam at all? If yes, know that you are not alone, there are lots of people in this same situation. I was once a victim of a cryptocurrency scam that cost me a lot of money. This happened a few weeks ago. There's only one solution which is to talk to the right people, if you don’t do this you will end up being really depressed. I was really devastated until I was referred to a recovery expert. Less than 2 weeks, he has already recovered 90% of my loss: (Backendrecover at Rescueteam dot com).

Yes, but it depends 

Interesting question! While I'm not an expert, I'd say transparency is usually the way to go.

Bankers should familiarize themselves with their company's policies regarding personal investments in cryptocurrencies to avoid potential conflicts of interest or regulatory issues. Additionally, seeking guidance from compliance departments can provide clarity on permissible investment activities.