Hi Everyone,
I have been reading and still hearing horror stories of Canadian banks freezing and closing peoples accounts who deposit money that has come from Cryptocurrency.
I was wondering has anyone found a bank that is Cryptocurrency friendly and will not freeze your account if you deposit money that came from Cryptocurrency?
Here is an article I found from years ago but I think is still happening.
https://globalnews.ca/news/996853/as-bitcoin-surges-canadian-banks-make-converting-to-cash-difficult/I'm concerned because I don't want to start exchanging my Cryptocurrency and all of the sudden the bank freezes all my accounts.
I would love to hear if you guys have figured out a way to exchange your Cryptocurrency and deposit into a Canadian bank and keep doing it on a on going bases with no penalties or issues.
Thx,
Walk into a bank and talk to one of the officers there. Tell them you want to start an account and make deposits into the account only from bitcoin. Be sure to tell them you will be paying taxes from that account.