Cryptocurrencies
Canada’s Crypto Industry Turns to Alberta Government-Owned Bank
Downtown Edmonton, Alberta, Canada.
Photographer: Jason Franson/BloombergThis article is for subscribers only.
Crypto companies in Canada have found an unlikely ally — a bank owned by the Alberta government.
ATB Financial, a provincial crown corporation, has become one of the most reliable banking partners for the crypto and blockchain industry at a time when other financial institutions are refusing service — and when Alberta’s government is targeting billions more in revenue from blockchain firms.