Some banks and corporations said theyre halting purchases of Bitcoin and other cryptocurrencies on their credit cards. Banning it because they dont want the credit risk associated with the transactions. Some says that allowing purchases of cryptocurrencies can create big headaches for lenders, which can be left on the hook if a borrower bets wrong and cant repay.
Those are just excuses to ban Bitcoin.
The real reason behind banning Bitcoin and other cryptocurrencies is that those digital currencies can harm their business and minimize their profits, besides, they will have no control over their customers and thus, they will not be able to manipulate them.