Bank of Montreal Starts Blocking Crypto Transactions
March 29, 2018
The Bank of Montreal board has taken decision to block automatically all crypto transactions via credit or debit cards. By doing so the bank will try to protect its customers from alterability and volatility of cryptocurrencies.
When clients try to execute crypto operations using their credit cards of the Bank of Montreal, they receive a notification the action is impossible. The prohibition has already has come into force.
Curious enough, unlike its customers, the Bank will process cryptocurrency requests from broker companies. However, is hasn’t given any comment on such a controversial policy.