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A Tiny Canada Bank Is Building a Vault for Cryptocurrencies

  • VersaBank plans to offer a digital saftety deposit box by June
  • Key cybersecurity expert from BlackBerry recruited for project
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Bitcoin: What’s Coming in the Year Ahead

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VersaBank Inc., a tiny Canadian lender led by a tech-savvy CEO with a penchant for planes and classic motorcycles, is building a virtual safety deposit box for cryptocurrencies and other digital assets.

The firm is taking the lead in a global banking industry that’s been reluctant to venture into most things crypto. The London, Ontario-based bank plans to have its digital vault ready by June and offer the service to global customers.