Cryptocurrency Ban Expands Across Canadian Banks as BMO Joins Crackdown
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Cryptocurrency Ban Expands Across Canadian Banks as BMO Joins Crackdown
BMO Financial Group (Bank of Montreal) has banned credit and debit card customers from buying cryptocurrencies, another blow for the crypto-traders who recently saw a sizable number of banks deciding not to finance the wobbly asset class.
Bank of Montreal started declining cryptocurrency transactions with known exchanges on March 28, according to a bulletin published on Reddit by a user claiming to be working for the bank.
The policy applies to all personal and business credit cards, according to a memo. It also affects debit cards and online banking services through the BMO’s Interac Online Payments.
The leaked memo states: “effective immediately, BMO ... (read more)
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