Canadian Bitcoin Office Attacked by Armed Robbers

Three armed males were trying to find cash at popular Canadian exchange's office
25 January 2018   707

Three armed robbers rushed into the office of the bitcoin-exchange Canadian Bitcoin in the capital of Canada and tied four employees of the site, according to the Ottawa Police Department.

As it turned out, there was another person in the office at the time - he called the police. Arriving at the place of the guards of the order detained one of the suspects, two more are currently on the wanted list. To steal something the attackers did not have time.

A number of charges were brought against the 19-year-old detainee, including "attempted robbery with the use of firearms" and "illegal detainment of a person". The names of the suspects were not disclosed, but in the police report they are described as "black males". As CBC notes in Facebook, the robbers hoped to find cash in the office.

The police refused to disclose the name of the attacked exchange, but in the immediate vicinity of the scene is the office site of the Canadian Bitcoins. Subsequently, the representative of the company confirmed this information.

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   128

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.