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Banks Ban Credit Cards for Cryptocurrency PurchasesCiti Bank, in an email to its customers, has said that credit and debit cards cannot be used to purchase cryptocurrencies. Budget Highlights. Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase's decision to block crypto-related transactions at its U.K. digital banking. Two British banks have followed U.S. banks in banning customers from buying Bitcoin and other digital currencies with their credit cards.
