Canadian banks are not liking bitcoins

Since bitcoins first came into the financial scene it has been met with resistance from the financial institutions world wide such as Thailand and China .

Canada's Royal Bank(RBC) and Toronto Dominion bank( TD) both have began shutting down and freezing accounts of Canadian companies who trade people currency for bitcoins known as currency exchanges. The banks haven't given clear reasoning to why they are doing this but just say no comment due to privacy laws but privacy may just be the reason why those banks are shutting down those accounts.

Canadian banks are largely intertwined with the government and couldn't function without them. The government could easily lean on the banks and get them to do as they please. If this can happen in canada it could happen anywhere globally.