Bitcoin’s price is currently hovering at around $6,900. This is a $500 drop from where it stood yesterday, but about $300 stronger than today’s low of $6,600. At press time, most cryptocurrencies appear to be in the red. Ethereum has grazed a new low, and is presently trading at about $376, while Ripple has lost an additional $0.10 and is trading in the $0.40 range. The consistent price drops and volatile nature of cryptocurrencies are causing several financial establishments to lose trust in them. Thus, more banks are taking what they consider to be necessary stances against digital assets andPowered by WPeMatico
Like taxi drivers attacking Uber or candle makers trying to block out the sun, another bank has taken a stand against bitcoin. BMO is apparently trying to protect its clients from themselves by taking away the freedom to decide what to do with their own money, like using cryptocurrency. Also Read: Steven Seagal Karate Chops […]