Olympia Financial Group Inc. Announces Decision Not to Pursue Bitcoin Custodian Business
CALGARY, Alberta–(BUSINESS WIRE)–Olympia Financial Group Inc. (“Olympia”) (TSX: OLY) announced on April 21, 2021, that Olympia Trust Company (Olympia Trust) had entered into a letter of intent (LOI) with KNØX Capital Inc. and KNØX Industries Inc. (collectively, Knox) pursuant to which Olympia Trust would be granted the exclusive Canadian license to use a proprietary Bitcoin custody system (the Custody System) developed by Knox, and would acquire certain facilities and insurance policies used by…
