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Two of the largest American Bank has limited opportunities to purchase cryptocurrency for its clients

The two largest us banks: Bank of America and JPMorgan Chase, decided to turn off to their customers the ability to purchase bitcoins using credit cards.

According to Bloomberg, JPMorgan for clients of the ban will come into force on 3 February and Bank of America the ban came into force yesterday, 2nd Feb. The main reason for the ban is concerns about credit risk, those customers who invest in crypto-currencies using credit.

The ban limited the Bank of America credit card and will not affect who want to buy cryptocurrencies using a debit or ATM card.

Bloomberg also reports that additional reasons for such actions were the rules against money laundering, as well as fears that in case of data theft on the map, the attackers will be able to buy cryptocurrency, and such operations can not be undone.

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The post Two of the Largest American Bank has limited opportunities to purchase cryptocurrency for its clients appeared first on FineCrypto.



This post first appeared on Cryptocurrency News, please read the originial post: here

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