Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News):
Citibank India is the latest major bank to ban its customers from using credit cards for purchasing cryptocurrencies, but it has taken the measure one step further by banning the use of debit cards for crypto purchases as well, Quartz India reports ... Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News):
... move is part of a larger global trend of banks banning customers from credit card purchases of cryptocurrency. The wave of bans was initiated by US giants J.P. Morgan Chase, Bank of America, and Citigroup on Feb. 3, and followed by the largest ...and more ... PYMNTS.com:
But that news comes as a bank in India has banned customers from using its cards to buy cryptocurrencies, India Times reported. Citi ... decision follows concerns over economic, legal and security matters, among others. The bank informed customers ...and more ... Bitcoin News (press release):
Indians Look to Buy Bitcoin Overseas As Regulations Tighten As regulations tighten in India, bitcoin “enthusiasts are now tapping into their own NRI [non-resident Indian] network of friends and family members,” the news outlet added. L R Dinesh is a ... Wall Street Journal:
The group solicited bitcoin for improvements including new toilets to “prevent brothers from having to leave the guard point and travel into the bushes to relieve themselves, which can be very difficult sometimes.” Through a cryptocurrency exchange ... Economic Times:
NEW DELHI: Citi India today banned use of its debit and credit cards for purchase of bitcoins and other cryptocurrencies following concerns expressed by the Reserve Bank over virtual currencies. Citi India in a message to its customers said it has ... Quartz:
As of December 2017, there were 2.63 million Citibank debit card and 1.61 million credit card customers, Reserve Bank of India (RBI) data showed. In any case, Citibank ... alone. International financial institutions such as Lloyds, JP Morgan Chase ... Bitcoinist:
Bitcoin looks to become the biggest beneficiary of increasing money digitization as countries, such as Sweden, spearhead the so-called ... on ... more ... Economic Times:
Citi India in a message to its customers had said it has banned usage of its debit and credit cards for purchase or trading of virtual currencies. "...Citi India has decided to not permit usage of its credit and debit cards towards purchase or trading ...and more ... Inc42 Media:
Prior to this, Citibank had also issued a similar notice stating that Citi India has decided not to permit the use of its credit and debit cards towards purchase or trading of such Bitcoin, cryptocurrencies and virtual currencies. SBI, however, has not ...
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