Canadian bank war on Cripto-ATB Financial Stands only

Canadian Crypts Companies are jammed between two banking reality-ATB financial, which welcomes Bitcoin and Etherum companies, and the largest banks in the country, which they do not want to do with them.

6. February, Bloomberg export that ATB is financial, owned bank owned Albertabecame a key ally for crypto companies in CanadaAs most of the main Canadian banks remain indecisive to provide financial services to digital property companies.

This move has become increasingly larger hubs for BlickChain, with a provincial government that aims to create $ 3.5 billion in revenue from CRIPTO and TECH until 2030. Years.

ATB, which amounted to $ 28.3 billion in total deposits in 2024, quietly supported the crypto industry over more than six years. In fact, during 2021. Cripto boom, many companies move to Albert only to acquire access to ATB banking services.

However, despite the readiness to work with the industry, ATB remains a smaller player compared to the six largest banks of Canada, which control over 90% of the federally regulated bank assets.

These larger institutions are largely avoided by the crypts of the firm, inviting concerns of compliance concerns, regulatory Uncertainty and risks associated with digital means. FTX collapse (Fttt) At the end of 2022. they only strengthened their careful attitude.

Since then, the Financial Regulators of Canada have tightened the control of the crypto industry. In August 2023., the administrators of Canadian securities and the Canadian Regulatory Investment Organization have issued a notice that requires a CRIPTO platform to register as investment dealers.

Many in the industry hoped that increased regulation would lead to greater acceptance of banks, but that change is slow. Even with clearer rules in place, banks remain reluctant to open their doors for the crypto company.

As Darci Daubaras, the main financial director of Bitcoin Miner Hive digital technology, put it:

“But with many largest Canadian banks that have limited involvement in the CRIPTO, increased regulation cannot change risk aversion.”

Growing division

Situation in Canada contrast with recent events in Us. There are banking limits of crypto firms largely guided by government policies, not indenting industry.

Next return of Donald Trump office In the 20th. January, his administration took several pro cript stance. Although this opened the door for a higher financial approach in the United States, the banking sector of Canada remained greatly unhindered, keeping most crypt’s companies on the length of the arm.

In the middle of this, tension between Canada and the US also played in the insecurity in the market. 1. February, Trump imposed tariffs on Canadian goods, launch Sale in financial markets, including crypt. Ethereum (El) and bitcoin (Btc) They saw a sharp drop.

However, after the Canadian Prime Minister Justin Trudeau provided a 30-day temporary break at tariffs 3. February, since then a market feel stabilized.