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Mullvad will no longer be able to accept DKK from its customers (mullvad.net)

submitted 7 months ago by [email protected] to c/[email protected]

43 comments fedilink hide all child comments

Danish banks have implemented significant restrictions on how Danish kroner (DKK) used outside Denmark can be repatriated back into Denmark.

Due to these circumstances, which are unfortunately beyond Mullvad’s control, Mullvad will no longer be able to accept DKK from its customers. We will continue to credit DKK received until the end of the month, but considering postal delays, it is best to stop sending it immediately.

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[–] [email protected] 58 points 7 months ago (2 children)

They can pry my kroner from my cold dead hands!

But seriously, you're right. What makes it even stranger is that the value of kroner is pegged at 746,038 kroner pr. 100 euro. Which, basically, is just euros with extra steps.

[–] [email protected] 20 points 7 months ago* (last edited 7 months ago) (1 children)

There's a lot more to sovereign monetary policy than currency exchange rates, such as the capital controls being exercised here

[–] [email protected] 5 points 7 months ago

I was trying to find information about this restriction. It seems it applies to cash and relates to Danish banks' ability to implement AML controls. https://www.nationalbanken.dk/en/what-we-do/notes-and-coins/exchange-of-danish-cash-abroad

[–] [email protected] 10 points 7 months ago* (last edited 7 months ago) (1 children)

It's more related to the fact that once you join the Eurozone (ERM II) there's no way to take it back, and for some reason this resonates negatively with Danish people. AFAIK there's been opinion polls the suggest that a referendum on the matter would (still) not pass. Also AFAIK the Danish political agenda does not lean particularly for or against it otherwise, as you said, it's technically moot either way.

[–] [email protected] 10 points 7 months ago (1 children)

You do realize that Danish and Dutch are two entirely different people in two entirely different countries?

[–] [email protected] 8 points 7 months ago

Ha ha, sorry, I'm having an early morning moment. I've kept talking about Dutch instead of Danish, I'll fix it.