Canada-Based Crypto Platform Accuses Banks of Cahoot

October 11, 2018

One of the leading digital platforms of Canada named QuadrigaСХ has reported that legal disputes with the bank partner have slowed down withdrawal of user funds from the platform. With reference to the application the company filed to the court, the digital platform has been having no access to its account at one of the country’s banks СIВС with $28 million.

When commenting on the situation in the court the bank official said that it restricted access as the bank failed to identify the owner. The banking company asks the court of Ontario to take ownership of the funds and administer them at its own discretion.

In its turn, platform representative insists that the bank was biased when treating the case and all claims were caused by the fact that the company is involved in the digital asset sector. The exchange demands to lift the restriction from the account and give the funds back to their bank in the shortest terms possible as their customers cannot get their funds since January this year.

Note that many are convinced that the most of the Canadian banking companies have entered in the so-called ‘punitive alliance’ against digital currency sector within the country.


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