Bank of Monreal to Ban BTC Transactions Due to Volatility

Bank of Monreal tries to protect the security of the it's customers
30 March 2018   184

Bank of Montreal (BMO), has forbidden its users to use bank accounts for crypto-currency transactions. The reason for the blocking is the "instability of the price" of crypto currency, first of all, Bitcoin. This is reported by Coin Telegraph.

Effective immediately, BMO will be blocking cryptocurrency merchant transactions. This decision was made due to the volatile nature of cryptocurrencies, and to better protect the security of our clients and the bank.

BMO Staff Memo

The bank's statement says about immediate and effective blocking of all credit, debit, online payments for crypto-currencies, due to the unstable character of the crypto-currency and to protect the security of the bank's customers.

Cointelegraph notes that BMO did not mention the impact of crypto-currencies on customer safety and does not give any information about what happened.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   37

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.