Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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TD customers can no longer use credit cards to buy crypto
– moneysense.ca
TORONTO — TD Bank says it is taking a pause on allowing customers to use its credit cards to buy cryptocurrency.
The big bank says it made the decision to conduct a review and assessment of the evolving market.
The decision follows moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than C$20,000 per bitcoin.
The value of the cryptocurrency has since come off its all-time highs and trades for around C$13,000, but remains up significantly from where it was a year ago.
Royal Bank says it does allow its credit and debit cards to be used for transactions involving cryptocurrency in limited circumstances, but cautioned clients about the possibility of a sudden drop in the value of cryptocurrencies.
MORE ABOUT BITCOIN:
The big bank says it made the decision to conduct a review and assessment of the evolving market.
The decision follows moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies.
The value of bitcoin soared last year, trading for more than C$20,000 per bitcoin.
The value of the cryptocurrency has since come off its all-time highs and trades for around C$13,000, but remains up significantly from where it was a year ago.
Royal Bank says it does allow its credit and debit cards to be used for transactions involving cryptocurrency in limited circumstances, but cautioned clients about the possibility of a sudden drop in the value of cryptocurrencies.
MORE ABOUT BITCOIN:
Why cryptocurrency is ‘closer to gambling than investing’
Bitcoin explained
Bitcoin technology could make banking cheaper
Bitcoin ATMs arrive in shopping centres across Toronto
Hassle-free bitcoin investing may be coming
Bitcoin ATM comes to Canada
Celeb IPO
The post TD customers can no longer use credit cards to buy crypto appeared first on MoneySense.
U.S. appeals court restores lawsuit naming RBC that alleges Libor interest rate manipulation
– thestar.com
Charles Schwab Corp. and several of its mutual funds allege banks, including JP Morgan Chase and Citibank, artificially suppressed the Libor rate between August 2007 and May 2010.
