Citibank, J.P.Morgan, and Bank of America have banned the purchase of cryptocurrencies.

People with both debit and credit cards of the above 3 mentioned banks will now not be able to purchase Bitcoin or other cryptocurrencies like Ethereum, Iota, Ripple, and others.

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It is said that they have done so because cryptocurrencies are very high-risk as a form of investment.

Further reading: Citi Bank bans credit, debit card transactions for purchasing bitcoins, other cryptocurrencies 

Further reading: Citibank, J.P.Morgan, and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies