Bank of America blocks cryptocurrency transactions for this reason...

in #bitcoin7 years ago

I, like many other crypto-currency adopters, have become frustrated with banks and credit card issuers blocking crypto purchases recently. I would've loved to buy on this recent "dip" (called a crash by nay-sayers) however all my means to purchase said crypto were blocked. All of this happened within the last week or so, and I couldn't find any articles explaining the thinking behind this sudden change....until today. I just stumbled on this article saying that Bank of America won a patent on Dec 17, 2017 for their own crypto exchange. Everyone knew the banks would try to stop us from getting a leg up, but I guess this proves their intentions. None of our customers are going to make money without us getting our cut, lol. Anyway, take it for what it's worth. Don't trust the big banks. Protect your ASSets...

https://www.coindesk.com/bank-of-america-outlines-cryptocurrency-exchange-system-in-patent-award/

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