Virtex, based in Calgary, is an online market that matches Bitcoin buyers with sellers, with about $13-million of trades under its belt.
But earlier this month Royal Bank of Canada quietly informed Mr. David that it would no longer do business with his company.
“They shut down our account without any reason,” said Mr. David, an ebullient entrepreneur with a background in technology companies. “They just said we have the right to refuse service to whomever we wish.”
For whatever reason, many in Canada’s small but fast growing Bitcoin community are suddenly dealing with the same problem: The banks have decided they don't like the cryptocurrency and they’re shutting down some of the accounts of businesses that deal in it."
- Source, Financial Post, Read the full article here:
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Bitcoin News
ReplyDeleteThis is arguably the largest resource for all things bitcoin. The news sections cover the latest insights from the best writers in the fintech sector. In addition to this, the site is filled with numerous tools that help investors make informed decisions. What I like about the convenience of finding all you need in the same platform.