Canada’s Last Bitcoin-Friendly Bank Closes Accounts Nationwide

“This past week the Canadian Finance Minister, Jim Flaherty, singled out Bitcoin, not in terms of its potential and growing positive economic influence for Canada, but as a threat.  In addition, a freedom of information request revealed an even more aggressive stance being debated by FINTRAC. The request revealed that Canada has been considering ‘chok(ing) bitcoins oxygen (sic)’ by denying Canadians access to the foreign-exchange market and even the possibility of forcing exchanges underground.  In the wake of this rhetoric, we were informed this morning by our bank that the last remaining Bitcoin-friendly charter bank, Bank of Montreal, is closing all Bitcoin-related business accounts.”

https://www.cointrader.net/updates/bitcoin-economy-freeze-canada

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