Bank of Montreal, the fourth-largest bank in Canada, has closed all Cointrader customer and corporate accounts, the Vancouver-based exchange revealed via blog post on 17th February.
Most notably, Cointrader suggested that the decision is part of a broader move by Bank of Montreal to sever ties with all of the virtual currency businesses it serves.
Cointrader CTO and co-founder Paul Szczesny said such a move would have a broad impact on the country’s burgeoning bitcoin ecosystem, and blamed recent warnings from the Canadian government for the bank’s decision.
February 18, 2014 at 10:27PM
