BoA and other banks did not ban Bitcoin. They have no regulatory oversight to ban. They did, however, stop allowing people to buy cryptocurrencies on credit meaning loans and credit card purchases. Also, checking out the articles you linked, the closest thing to "banning" is that they no longer allow their on-staff financial advisors to buy Bitcoin on behalf of their clients: At the end of the day, it's buy bitcoin at bank of america in a bank's interest for their money to be leveraged to buy buy bitcoin at bank of america, so of course, they're going to limit that as much as they can within their customer's accounts and terms of agreements, but the banks cannot ban consumers from buying with our own money.
Only the government can regulate that! Thank you for your feedback. The word "ban" means to forbid something from happening. BofA along with other Credit Card companies have stopped transactions to purchase cryptocurrency meaning they forbid it from happening which they have every right to do. I explain that in the second sentence of my buy bitcoin at bank of america.
You also pointed out the interest of the Financial Institution, which I quote in the Banks own words. So thank you for your interpretation and rewording of that paragraph. Best of wishes to you and your sister blog. I listen to the People and that is why I am here. Thank you again for your comment.
This post buy bitcoin at bank of america been upvoted for free by microbot with 0. Get better upvotes by bidding on me. Bank of America "Bans" Bitcoin: Officially announced today, Bank of America has "banned" Bitcoin. About a month ago, a Bank of America customer posted online about a "declined payment" for a purchase made on Coinbase.
Bank of America C. O, Brian Moynihan publicly announced and gave warning that J. P Morgan and Bank of America were going to bar transactions related to cryptocurrency. Here is a quote from Moynihan: Let that sink in for a minute. The reasoning behind this bar was for the "best interest" of their customers: Then they followed up with their reason for this action to "prevent untraceable criminal activity".
I don't buy it, but, do you? Leave your thoughts and comments below. Thank you for reading this article. Authors get paid when people like you upvote their post.
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