CNBC, today J.P. Morgan Chase, Bank of America, and Citigroup have announced that customers will not be able to buy crypto currencies by credit card.
J.P. Morgan Chase confirmed on 25th December that they allowed CNBC to purchase credit cards from their cryptography, and said they were watching the policy of purchasing crypto with Bank of America and Citigroup credit cards.
However, J.P. Morgan Chase's policy reversed quickly, in a statement that the bank spokesman told CNBC today:
"We are now approving cryptocracy purchases using credit cards for volatility and risk, and we will examine this as the market improves"
Citigroup bans on the way
Citigroup said today that the bank "will not allow credit card purchases in the cryptocracy, while digital currencies are dropping credit card purchases, waiting for policy reviews," and will renew their policies with the development of the crypto market.
The FUD, which was published this week in the media, began to fall below 8,000 for the first time since November 2017, perhaps leading large banks to examine their credit card policies.
According to CoinMarketCap, J.P. Last week, when Morgan Chase was still allowing credit card crypto purchases, Bitcoin's trade height was $ 11,700.
JP Morgan CEO Jamie Dimon, who previously described Bitcoin as a "fraud", said in a statement to the correspondent of the World Economic Forum (WEF) Cointelegraph of 24 January that his previous statement only evaluated the crypto money with skepticism from the point of view of criticism. .
BTC is currently trading around $ 9.180, up 4.45 percent over the 24 hour period, according to the press time.