Quote from: mokodisney on February 06, 2018, 07:57:30 PM

Very good insights here. The fact that its forcing people to invest properly with real money and not credit absolutely adds to the legitimacy of the market and will hopefully create more stability. My next concern is whether or not this is the beginning of more obstacles being put in place by the powers to be. (ie. banning transactions with specific businesses)

Thoughts?

This is not the government regulation. Banks just want to protect themselves. Probably they did it because after thousands of people saw the rapid growth of the bitcoin to 20k they began to spend all the credit money for the purchase of the cryptocurrency (with the money they cannot afford) and then the price dropped to 6-7k. As a result, a lot of people in debt, but banks more concerned that they cannot even return that credit money since many of these people do not have anything that can be taken away. Banks are not a charitable organization, so they decided to not let people spend credit money to buy crypto.
After all, nobody canceled the debit cards.