Citibank India Bans Crypto Purchases on Both Credit and Debit Cards

Citibank India is the latest lender to tighten the squeeze on cryptocurrencies. In an e-mail Tuesday, February 13th, the bank said it has barred customers from using Citibank debit or credit cards to buy virtual currencies. Citibank isn’t alone. Other international financial institutions like LloydsJP Morgan Chase & Co, and Bank of America, have also barred customers from using bank-issued credit cards to buy virtual currencies.

In the U.S., Citibank has forbidden customers from...

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