Canada: one of the largest banks in North America have banned customers to buy cryptocurrency using credit funds

Canada: one of the largest banks in North America have banned customers to buy cryptocurrency using credit funds

According to local newspaper The Globe and Mail, one of the largest banks in North America, the Toronto-Dominion Bank (TD) announced to its customers in an email that it prohibits the purchase of cryptocurrencies through credit cards.

TD is the first of the major canadian banks, which introduces such restrictions. The Bank said that this was done in order to protect customers and the Bank.

These actions were initiated by the American banking giants JP Morgan Chase, Bank of America and Citigroup 3 February and 5 February, supported by the largest Bank in the UK Lloyds Banking Group and Virgin Money in Australia. Last week Indian Citibank India has banned customers with the purchase of cryptocurrency as through credit and via a debit card.

According to The Globe and Mail of 23 February, the Royal Bank of Canada made a special emphasis on the fact that he forbids its clients to purchase crypto currencies with debit cards, but warns about the risks of such investments because of the high volatility of the cryptocurrency market.

However, not everything is so bad in Canada, February 13 the canadian stock exchange has announced that it will soon open its own platform for the clearing and settlement for securities on the basis of the blockchain.

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