According to the report of the Globe and Mail, Canada’s largest cryptocurrency exchange QuadrigaCX is blaming activities of the major bank for delays when customers withdrawals of funds.
As it was stated by the QuadrigaCX, the Canadian Imperial Bank of Commerce (CIBC) froze and closed access to five bank accounts that belong to the payment processor of the exchange. The reason for access restriction is the inability to identify the funds’ owners and nature.
The QuadrigaCX cryptocurrency exchange was the first Canadian exchange and was licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The headquarters of the company is located in Vancouver.
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