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by 52-6F-62 2991 days ago
I wouldn't be surprised if they did.

In Toronto, TMX Inc (holders of the Toronto Stock Exchange) along with Paycase and Bank of Montreal have recently organized to establish their own trading desk/brokerage at the TSX for cryptocurrencies. The news of that came about a week or two after Bank of Montreal banned all purchases of cryptocurrency both on their debit and credit cards.

While I'm suspicious of the banks' intentions in some of these cases— I'm with you. There's just been too many outright scams, ponzi schemes, and theft.

1 comments

I am all for reasonable suspicion regarding banks, but I feel like banks banning speculating on cryprocurrencies with borrowed money is just good risk management.
Absolutely! I would have been less suspicious in this case were it not for their banning of debit card/Interac use as well.

Many other Canadian banks banned the purchases on credit cards alone—not preventing anyone from using Interac Online or Visa Debit, etc.

Ah, I didn't realize that was the case.