J.P. Morgan Chase forbids crypt money purchases with credit cards

 CNBC, today J.P. Morgan Chase, Bank of America, and Citigroup have announced that  customers will not be able to buy crypto currencies by credit card.

J.P. Morgan Chase confirmed on 25th December that they allowed CNBC to  purchase credit cards from their cryptography, and said they were  watching the policy of purchasing crypto with Bank of America and  Citigroup credit cards.

However, J.P. Morgan Chase's policy reversed quickly, in a statement that the bank spokesman told CNBC today:

"We are now approving cryptocracy purchases using credit cards for  volatility and risk, and we will examine this as the market improves"

Citigroup bans on the way

Citigroup said today that the bank "will not allow credit card  purchases in the cryptocracy, while digital currencies are dropping  credit card purchases, waiting for policy reviews," and will renew their  policies with the development of the crypto market.

The FUD, which was published this week in the media, began to fall  below 8,000 for the first time since November 2017, perhaps leading  large banks to examine their credit card policies.

According to CoinMarketCap, J.P. Last week, when Morgan Chase was still allowing credit card crypto purchases, Bitcoin's trade height was $ 11,700.

JP  Morgan CEO Jamie Dimon, who previously described Bitcoin as a "fraud",  said in a statement to the correspondent of the World Economic Forum  (WEF) Cointelegraph of 24 January that his previous statement only  evaluated the crypto money with skepticism from the point of view of  criticism. .

BTC is currently trading around $ 9.180, up 4.45 percent over the 24 hour period, according to the press time.