Visa Says You Can Buy Almost Anything, Except Crypto Currencies
This week's news is that some banks in the United States and the United Kingdom have prohibited the use of credit cards to purchase cryptocurrencies (CCs). The cited justifications include unbelievable, such as attempting to reduce money laundering, gambling, and safeguarding regular investors from undue risk. Surprisingly, banks will accept debit card purchases, indicating that the only risks being safeguarded are their own. You may use a credit card to gamble in a casino, buy guns, drugs, alcohol, pornography, and anything else you want, but certain banks and credit card corporations want to prevent you from using their services to…