🎯 The largest Canadian bank TD Bank has banned the purchase of crypto currency by credit cards
💳 Toronto-Dominion Bank (TD), one of the largest banks in Canada, informed its customers by e-mail that the purchase of credit cards using credit cards will be banned.
They only banned purchasing cryptocurrency using credit cards that they issued because they don't want lend money to those people who wants to invest in cryptocurrency which is truly a more risky investment (Of course banks wants to make sure that customers will be able to give the money back at some point). We have seen some banks that already did it before like jpmorgan, lloyds banking group and more, but people can still use debit cards to purchase Bitcoin or any cryptocurrency they want because we are using our own money in our bank account with debit card, not a loan. Anyway this won't affect the price of the market to gown down as there are lots of ways to purchase cryptocurrency.