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Various banks around the world now prevent their own clients from making specific credit card purchases. This is not a positive development by any means. At the same time, it only further confirms how little control people have over money. In the US, four major banks now prevent their customers from buying Bitcoin with a credit … Read more
U.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency purchases … Read more
Visa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In … Read more
Intervention by Visa spelled an end to European crypto debit cards for the majority of customers on Thursday. Around a dozen crypto companies were affected by the shutdown, which instantly wiped out their services across Europe. Issuers such as Bitwala, Tenx, Bitpay, and Xapo were left high and dry after a Visa subsidiary stopped processing … Read more
South Korean banks are further distancing themselves from bitcoin following the government’s ”emergency” regulation which bans them from direct involvement in cryptocurrency-related activities. Shinhan Bank and KB Kookmin Bank have announced that they are discontinuing their points for bitcoin exchange services in January. Also read: South Korea Clarifies Position After Reports of Possible Ban on All … Read more
We can be very grateful for the exchange platforms’ appearance ; the expansion that the cryptoworld is now knowing can only be withstood with strong and reliable teams. But the rules are the rules, and except for Bitcoin, there hasn’t been any other way to trade other cryptocoins except on exchanges, and with very limited … Read more
