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Citibank India to Not Permit Card Customers Purchasing or Trading Crypto

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Citibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over a century old institution is following a growing number of traditional banks in cutting off access to … Read more

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

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Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Largest British Banking Group Banning Crypto Britain’s … Read more

Bank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin

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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

Two More Bitcoin ETF Proposals Withdrawn

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The US Securities and Exchange Commission (SEC) reportedly informed two bitcoin exchange-traded fund (ETF) aspirants their cryptocurrency products lack enough liquidity and are problematic in discovering valuation. Also read: Bitcoin Turns 9 Years Old Two Firms Withdraw Bitcoin ETF Proposals from SEC Wall Street’s main regulatory body, the US Securities and Exchange Commission (SEC), sent … Read more

Bitcoin Futures Flat as Contracts Move Short and Merrill Lynch Imposes Ban

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The Commodity Futures Trading Commission (CFTC), the industry’s main regulatory arm,  reports a net increase in short contracts; volume is sluggish, and a legacy bank has now outright forbid clients and advisers from trading in the relatively new product. While it is too early in the experiment to draw definitive conclusions, bitcoin futures might not be … Read more