Cryptocurrencies
Canada's Banks Allow Credit-Card Crypto Purchases -- For Now
- TD, RBC permit transactions as JPMorgan, BofA pull back
- Banks review policies as risk, regulatory concerns mount
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Canada’s biggest banks still allow customers to buy Bitcoin and other cryptocurrencies with debit and credit cards, even as some U.S. lenders move to block such transactions.
Toronto-Dominion Bank, Canada’s largest lender by assets, permits such purchases using a TD credit or debit card as long as the merchant is authorized to accept Visa, Mastercard, Interac or Visa debit and the transaction isn’t determined to be fraudulent, Julie Bellissimo, a spokeswoman, said Monday in a statement.