Bitfinex considers moving headquarters to Switzerland, Bank of Montreal bans cryptocurrency purchases, top 5 cryptocurrency price changes, and more!
Bitfinex In Negotiations to Move Headquarters to Switzerland
Bitfinex, the fifth-largest cryptocurrency exchange by 24-hour trading volume, is exploring the possibility of relocating its headquarters from Hong Kong to Switzerland. According to Bitcoin Magazine, Bitfinex is currently negotiating with Swiss authorities. Jean-Louis van der Velde, CEO at Bitfinex, admitted that the company is also considering London as a potential new location, but Switzerland remains its first choice.
Bank of Montreal Announces Ban on Credit and Debit Card Purchases of Cryptocurrency
The Bank of Montreal has announced a ban on purchases of cryptocurrency using its credit and debit cards. According to Finance Magnates, the bank claims that the ban was put in place “to protect the security of our clients and the bank” from the “volatile nature of cryptocurrencies.” The ban is effective immediately.
MailChimp Bans Cryptocurrency and ICO-Related Email Campaigns
MailChimp has announced it is now prohibiting marketing campaigns for cryptocurrencies and ICOs beginning on April 30, 2018. According to CoinDesk, the company is banning cryptocurrency and ICO-related email campaigns because they are “too frequently associated with scams, fraud, phishing, and potentially misleading business practices.” However, the company also acknowledged that “blockchain technology is in its infancy and has tremendous potential.”
Coinfirm Reaches Partnership with Major Polish Bank
Coinfirm has announced a partnership with the major Polish bank, PKO BP. According to TechCrunch, Coinfirm will provide the bank with blockchain-based document verification using its Trudatum platform. A spokesperson with Coinfirm stated, “Every document recorded in the blockchain (e.g. proof of a transaction, or bank’s terms and conditions for a given product) will be issued in the form of irreversible abbreviation or hash signed with the bank’s private key.”