Blog Archives

National Australia Bank closing bitcoin-related accounts

Posted on 9th April, 2014

Starting next month, the National Australia Bank (NAB) will be closing bitcoin-related accounts, citing an “unacceptable level of risk, both to our business and reputation.” NAB, one of Australia’s “big four” banks, has previously been considered one of the most bitcoin-friendly banks in the country. CoinDesk published the contents of a letter from NAB to […]

Bank of Montreal closes Cointrader’s accounts

Posted on 19th February, 2014

On Monday, Vancouver-based Bitcoin exchange Cointrader announced in a blog post that their corporate and customer account have been closed by the Bank of Montreal. The decision by Canada’s forth-largest bank follows recent negative comments about cryptocurrencies from Canadian Finance Minister Jim Flaherty. Flaherty’s comments noted that Bitcoin and related currencies represented a “threat” to […]