U.S. banking industry completely encroaches on bitcoin business

Beginning this weekend, Bank of America, JP Morgan and Citi each announced a cessation of credit card purchases for digital currency business.Coinbase, the largest Bitcoin exchange in the United States, announced that banks have taken credit card purchases of digital currency as a high-risk cash on loan business The banking sector is rapidly closing its payment channels after the digital currency plunges.

On Thursday, Coinbase, the largest Bitcoin exchange in the United States, has given notice to its customers that banks are now starting to use their Bitcoin reload business as a 'cash on loan' business, which means that buying cryptocurrencies by credit card has to pay high fees and Interests continued to turmoil in the digital currency amidst global regulatory turmoil Bitcoin traded below the threshold of $ 8,000 for a record low since November This bitcoin price has fallen 30% this week, the worst weekly performance in 2013, Prices have dropped nearly 60% from their historic highs.

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