Toronto-Dominion Bank is awkward the use of its acclaim cards to buy cryptocurrency as it conducts a analysis of the “evolving market.”
The contempo accommodation follows moves by several U.S. banks to stop acceptance acclaim agenda purchases of Bitcoin and added cryptocurrencies.
“At TD, we consistently appraise our behavior and aegis measures, in adjustment to serve and assure our customers, as able-bodied as the bank,” a TD agent said in an emailed account Friday.
The amount of Bitcoin soared aftermost year, trading for added than C$20,000 per Bitcoin. Since then, the amount of the cryptocurrency has appear off its all-time highs and trades for about C$13,000, but charcoal up decidedly from area it was a year ago.
Royal Coffer said Friday it does acquiesce its acclaim and debit cards to be acclimated for affairs involving cryptocurrency in bound circumstances. However, the lender also cautioned audience about the achievability of a abrupt bead in the amount of cryptocurrencies which “could betrayal them to essentially college debt levels than they are able to repay.”
“We do admit that regulatory, accident and added alien ecology factors apropos to cryptocurrency continues to evolve,” an RBC agent said in an emailed statement. “As such, we abide to analysis our behavior to accede how we can best abutment clients.”
The Coffer of Nova Scotia is additionally attractive carefully at its cryptocurrency transaction policy.
“We accept that authoritative and accident factors accompanying to cryptocurrency abide to advance and as a result, we are carefully reviewing our behavior with account to cryptocurrency transactions,” a Scotiabank agent said in an emailed statement.
The Canadian Imperial Coffer of Commerce and the Coffer of Montreal did not anon acknowledge to requests for comment.
Companies in this story: (TSX:TD, TSX:RY, TSX:BNS)
The Canadian Press
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