BMO joins TD in banning business from shopping bitcoin on credit cards

The Bank of Montreal has stopped permitting business to use a credit cards to buy cryptocurrency such as bitcoin.

The bank says it no longer allows sell consumers to buy cryptocurrencies regulating Mastercard-branded credit or withdraw cards.

The bank’s preference follows a pierce by TD Bank final month to stop permitting business to use a credit cards to buy cryptocurrency.

TD pronounced it done a preference to control a examination and comment of a elaborating market.

The decisions follow moves by several U.S. banks to stop permitting credit label purchases of bitcoin and other cryptocurrencies.

The value of bitcoin soared final year, trade for some-more than $20,000 per bitcoin, though has given come off a all-time highs and now trades for reduction than $11,000.

Article source: http://www.cbc.ca/news/business/bitcoin-bmo-1.4579483?cmp=rss