Major Banks Ban Using Credit for Crypto

Mon, 5/02/2018 - 6:39

Cover image via U.Today

Bank of America, Capital One, Citigroup, Discover and J.P. Morgan, have announced or implemented bans on using credit to purchase digital assets. JP Morgan, who enacted their ban yesterday (Feb. 3, 2018), said they are doing this to eliminate credit risk on transactions.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.