Growing number of US banks ban Bitcoin purchase on all types of credit card

A growing number of big US credit card issuers are deciding they don’t want to finance a falling knife.
 
JPMorgan Chase & Co, Bank of America and Citigroup said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban Saturday, doesn’t want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said.
 
Bank of America started declining credit card transactions with known crypto exchanges on Friday. The policy applies to all personal and business credit cards, according to a memo. It doesn’t affect debit cards, said company spokeswoman Betty