The ban will spread to customers buying cryptocurrency using credit cards

Bank of America and JPMorgan Chase from the beginning of February will forbid customers to buy bitcoins with credit cards.

According to Bloomberg, JPMorgan should do it already on February 3 because of concerns about the credit risk for those who make purchases with the help of cards.

And Bank of America banned operations on February 2.

According to the source, the ban on Bank of America is limited to credit cards and will not affect customers wishing to purchase crypto-currencies using other types of cards.

Bloomberg also said that the Bank of America introduced such rules to prevent money laundering, as well as to prevent thieves from converting stolen funds from credit cards to encrypted crypto-currencies.

Like JPMorgan, Bank of America is also concerned that customers can acquire more cryptocurrency than they can afford.

Other banks have increased fees for crypto-currency transactions in recent weeks.

Interestingly, the transition coincides with a broad discussion by financial firms of how they affect the economy of the cryptocurrency, which, against the backdrop of the 2017 jumps this year, has significantly decreased.


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