U.S. Banks ban Crypto purchase via Credit Cards

U.S. banks Bank Of America, Citigroup, JP Morgan, Capital One and Discover banned their
customers from purchasing cryptocurrencies in a move intended to decrease both financial
and legal risk. The effect spilled over to the other side of the Atlantic with U.K. banking
group, Lloyds following suit. Although cited as a financial and legal concern, eyebrows have
been raised over the ban; this Forbes article raises some valid questions regarding this move
by the banks.

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