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Bank of Montreal shuts down bitcoin-related business accounts in Canada – See more at: http://www.pfhub.com/bank-of-montreal-shuts-down-bitcoin-related-business-accounts-in-canada-384/#sthash.B5qDPLai.dpuf

Bank of Montreal shuts down bitcoin-related business accounts in Canada – See more at: http://www.pfhub.com/bank-of-montreal-shuts-down-bitcoin-related-business-accounts-in-canada-384/#sthash.B5qDPLai.dpuf

Bank of MontrealThe Bank of Montreal (BMO) has become the first financial institution in Canada to take action against bitcoin (BTC). It was confirmed by Cointrader co-founder and CTO Paul Szczesny in a press release that the bank would be closing down all bitcoin-related business accounts across the country amid initiatives and comments made by the Ministry of Finance pertaining to the cryptocurrency market.

According to Szczesny, the decision made by BMO is in relation to Finance Minister Jim Flaherty’s comments that warned bitcoin and other digital currencies like it could very well be threats to the financial sector in the Great White North.

– See more at: http://www.pfhub.com/bank-of-montreal-shuts-down-bitcoin-related-business-accounts-in-canada-384/#sthash.B5qDPLai.dpuf

 
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This entry was posted on February 19, 2014 by and tagged .

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bitcoinvancouver2013@gmail.com

bitcoinvancouver2013@gmail.com

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