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RE: These Banks Have Banned Cryptocurrency Purchase Through Debit & Credit Cards!

in #banks6 years ago

I can understand banks stopping purchases of crypto via credit cards as these are effectively a loan. In the uk the card issuer is also responsible to a degree for the delivery of what you bought. However, there is no reason why they should stop debit card purchases as this is policing your spending. Having said that, all banks donit. Try withdrawing £20k in cash and you will be asked a series of questions on what you want it for etc and possibly refused!

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Reason is that banks will eventually lose customers as people adopt cryptocurrencies. They can't allow that. They are fighting for their survival

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