Sentences with phrase «limiting credit card purchases of cryptocurrencies»
Restrictions of several banks worldwide aimed at limiting credit card purchases of cryptocurrencies can be seen as a refusal to take pains to actively work with cryptocurrency exchanges to ensure more transparency on fiat transactions, according to Glucksmann.
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On the other hand, Capital One told ETHNews that it «has started declining credit card transactions to purchase cryptocurrency due to the limited mainstream acceptance and the elevated risks of fraud, loss, and volatility inherent in the cryptocurrency market.»
The Bank of America ban is limited to credit cards, and will not impact customers who wish to purchase cryptocurrencies using debit or ATM cards, according to the news source.
«Capital One is currently declining credit card transactions to purchase cryptocurrency due to the limited mainstream acceptance and the elevated risks of fraud, loss, and volatility inherent in the cryptocurrency market.