Bank of Montreal Open to Rekindling Partnerships with Bitcoin Businesses
The Bank of Montreal, one of Canada's 'Big Five' banks and the fourth largest in the country, issued new statements on 1st April suggesting that it may be open to working with bitcoin businesses again, provided it receives regulatory clarity from the nation's lawmakers. The comments were made by CEO Bill Downe as part of an interview at Bank of Montreal's annual general meeting in Toronto this week. Speaking to his company, Downe said: "If you wanted a Swiss franc transaction or a Japanese yen transaction or a US dollar transaction, we can do that for you. If bitcoin [can be] a reliable....
Related News
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 larger impact on the country's burgeoning bitcoin ecosystem, and blamed recent warnings from the Canadian government for the bank's decision. Said Szczesny: "It's a drastic....
Bill Downe, CEO of the Bank of Montreal, made some interesting comments with regard to bitcoin at the bank's annual meeting that took place on Tuesday in Toronto. According to the Financial Post, Mr. Down said that if bitcoin was both reliable and regulated, "then there's no reason why we couldn't be an intermediary in bitcoin-related transactions." "Because, if you wanted a Swiss franc transaction or a Japanese yen transaction or a U. S. dollar transaction, we can do that transaction for you," he was quoted as saying. "If bitcoin [can be] a reliable medium of exchange, then at that point....
The number of Bitcoin dedicated conferences to in 2015 suffered a considerable drop. Last year, Bitcoin conferences were held at least one per month on average. Currently, we have seen them drop down and being replaced with the showcasing of blockchain technology and payment innovation at various FinTech conferences. Montreal has the most bitcoin ATMs per capita, and it would be the welcoming change for Montreal, home of the world's first Bitcoin Embassy, to at least get one Bitcoin conference. Unfortunately, the Montreal Bitcoin Expo is being postponed, apparently because the organizers....
A bitcoin expo that was about to be held in Montreal was postponed by its organizers due to the lack of sponsors for the event. This event was supposed to take place in August 21-23 at the Centre Mont-Royal. For now, the organizers haven't given any details on when the event might be rescheduled or if it will even take place at all. According to Leeja Murphy, a spokesperson for the event, it is unclear when the bitcoin expo might be moved. Bitcoin Expo Letdown. While most of the bitcoin headlines have mostly focused on startups in New York or San Francisco, Montreal also boasts of a high....
Three cities in Canada are set to have bitcoin ATMs installed in the coming weeks, making the country the top ATM location in the world. New ATMs will be installed in the Canadian capital city Ottawa as well as Montreal and financial hub Toronto. The ATM operators are announcing their plans to install machines across the country even as Canada's central bank issued a statement yesterday declaring bitcoin is not recognised as legal tender there. Fadi Azouz, who operates the Montreal machine, said his ATM would be installed by 24th January at the Bitcoin Embassy in Montreal. It will take....